A manufacturer purchased a 7-seater vehicle for employee pick-up and drop services and is seeking advice on Input Tax Credit (ITC) eligibility. The consensus is that ITC is not eligible for 7-seater vehicles as they are considered blocked under Section 17(5) of the relevant tax laws.
24 April 2023
WE ARE MANUFACTURER AND PURCHASED A VEHICLE FOR 7 SEAT CAPACITY FOR OUR EMPLOYEES PICKUP AND DROP, KINDLY ADVISE THE ITC IS ELIGIBLE FOR THIS.