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Car purchase in business

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This query is : Resolved

Quick Summary

Generally, you cannot claim Input Tax Credit (ITC) on a car purchased for your business if it's used by the owner. This is typically considered a blocked credit under Section 17(5) of the GST Act. However, there are specific exceptions outlined in the same section that may allow you to claim ITC under certain circumstances.

sanjay relekar

sanjay relekar (Querist)
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18 June 2024 can we get ITC credit on car purchase in gst

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2024 No ITC can be claimed if it's used by the owner of the business.

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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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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