Itc on motor vehicle

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2018 Sir / Madam, I want to know that can I take GST Input credit on Purchase Eicher Motor for a Business Purpose ?
My firm is proprietorship firm. Nature of business is Event Management. So I use eicher motor to take the music instruments
to event places.

SHUBHAM SHARMA

SHUBHAM SHARMA (Expert)
Follow

22 December 2018 Sir,
As the conveyance is being used for transportation of goods ...Hence in my humble opinion you can take the credit of the same.
Thanks and regards
CA Shubham Sharma
Contact no.-9462302922
Email-shubham.vnv@gmail.com

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

22 December 2018 In my opinion even if it is for business purpose you do not seem to fulfill conditions for availing ITC on motor vehicle under section 17(5) as you are not dealing in music instruments i.e. trading so from that point of view transportation of goods will not come to your rescue.

Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2018 section 17(5) Examples where credit of motor vehicles can be availed: Dealer of vehicles, cab providers, trucks/vehicles used by factories for transportation of goods.
Client used Eicher motor for purpose of business i.e. carry his music instruments for event places.