Car purchase in business
This query is : Resolved
Quick Summary
sanjay relekar
(Querist)
18 June 2024
can we get ITC credit on car purchase in gst
CA R SEETHARAMAN
(Expert)
18 June 2024
No ITC can be claimed if it's used by the owner of the business.
18 June 2024
Its covered under Blocked Credit u.s 17(5) but there are some exceptions wherein you can claim ITC, if you fall under the exceptions mentioned in Sec 17(5) then you can claim or else not possible
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