Input Tax Credit on purchase of car & car Expenses
This query is : Resolved
25 January 2020
Dear Sir,
We have purchased a car for official use of our employee.
1) I want to confirm can we avail ITC on purchase of such car. and
2) Maintenance charges like servicing paid for such vehicle.
As section 17(5) motor vehicle is covered under blocked credit .
Kindly assist with your expert advice
Thanks
We have purchased a car for official use of our employee.
1) I want to confirm can we avail ITC on purchase of such car. and
2) Maintenance charges like servicing paid for such vehicle.
As section 17(5) motor vehicle is covered under blocked credit .
Kindly assist with your expert advice
Thanks
25 January 2020
Yes it's covered under blocked credit ITC not available for purchase and maintenance.
25 January 2020
Yes it's covered under blocked credit ITC not available for purchase and maintenance.
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