Input credit on purchase of new car
This query is : Resolved
11 June 2018
We have purchased car for Company use, against bank loan.Please let us know whether we can claim input credit
on GST @ 28% on such purchase ? if yes please mention referral section .
A.K.Bose
on GST @ 28% on such purchase ? if yes please mention referral section .
A.K.Bose
11 June 2018
ITC on car purchased is available only if car is to be used in the business of transpiration of passengers or goods. 17(5)
14 June 2018
Thank you for your response.
Transpiration meaning is confusing ,could you please elaborate whether or not we are eligible for ITC,The car will be used for official purpose by the Director of the Company.
Transpiration meaning is confusing ,could you please elaborate whether or not we are eligible for ITC,The car will be used for official purpose by the Director of the Company.
14 June 2018
ohh! sorry it was transportation . typo mistake
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