Itc credit of gst on motor car
This query is : Resolved
11 August 2017
Is ITC credit of gst available on purchase of motor car?
ABHISHEK GARG
(Expert)
11 August 2017
Yes but subject to some conditions.
1. The Motor car should be registered in the Name of the Business and payment must be made from Business Account.
2. The business should possess a valid GSTIN at the time of purchase.
3. The Motor Car should have been purchased to fulfill the objectives of the business concern.
1. The Motor car should be registered in the Name of the Business and payment must be made from Business Account.
2. The business should possess a valid GSTIN at the time of purchase.
3. The Motor Car should have been purchased to fulfill the objectives of the business concern.
11 August 2017
Is there any section or notification clarifying the same
ABHISHEK GARG
(Expert)
11 August 2017
Dear Ravi Ji,
Can you please explain me why a clarification is required for the same from the govt.?
This is a general concept, that you will get the input of all of your Service purchases which are in connection with providing of output services.
Don't we claim ITC on Postpaid Bills, Service Purchases, etc?
Can you please explain me why a clarification is required for the same from the govt.?
This is a general concept, that you will get the input of all of your Service purchases which are in connection with providing of output services.
Don't we claim ITC on Postpaid Bills, Service Purchases, etc?
ABHISHEK GARG
(Expert)
11 August 2017
I am Assuming that it is for the purpose of Transportation of goods.
If otherwise, then not allowed.
If otherwise, then not allowed.
CA. Vinodh Kothari
(Expert)
11 August 2017
ITC on purchase of Motor car or Two Wheeler is not available whether it is purchased in the name of company or used for business.
ITC is available if the motor vehicle is used for transportation of goods.
ITC is available if the motor vehicle is used for transportation of goods.
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