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Can insurance premium

This query is : Resolved 

Can we claim gst charged on car insurance premium ? We are suppliers of Iron and steel goods and fabrics. Car is in our proprietorhip firms name.

Car is used for personal transportation. ITC can't be claimed on it's insurance premium.

We use car for visit to party and for Collection from party.

We claim depreciation on car in Income tax

ITC not allowed on cars.

ITC on motor vehicles used for transportation of persons having seating capacity less than 13 is not available.

Gst on repairs of car also not available for inputs?

Yes, ITC on repairs & maintenance, insurance related to such motor vehicles (in your case) are not allowed other than for those taxable supplies as mentioned in the Act.



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