ITC ON PURCHASE OF CAR UNDER GST
This query is : Open
08 January 2020
DEAR ALL,
CAN A TRADER OF GOLD/SILVER ORNAMENTS CLAIM ITC ON PURCHASE OF CAR FOR HIS BUSINESS PURPOSE UNDER GST?
THANKS & REGARDS
NIRMAL DAVE
CAN A TRADER OF GOLD/SILVER ORNAMENTS CLAIM ITC ON PURCHASE OF CAR FOR HIS BUSINESS PURPOSE UNDER GST?
THANKS & REGARDS
NIRMAL DAVE
08 January 2020
Car is a personal transport vehicle so ITC not allowed.
11 January 2020
purchase of car falls under blocked credit under section 17 subsection 5. a trader of gold cannot avail ITC for the same. hope your query has been resolved.
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