ITC on repair & maintenance of Motor vehicle
This query is : Resolved
Simran Katyal
(Querist)
10 December 2017
Hello,
Sec 17(5) restricts for availing ITC on purchase of motor vehicle.
Can ITC on repair & maintenance expenses of motor vehicle, used in business (not motor vehicle business) be availed ?
11 December 2017
Yes... You can... if it's furtherance of business
You can claim ITC for the Repairs and Maintenance of Motor vehicles. No more restriction for repairs and maintenance charges...
GOOD LUCK...
Vishakha Kejriwal.
(Expert)
11 December 2017
Input tax credit on motor vehicle is specifically restricted u/s 17(5) of the CGST Act , barring certain circumstances, for availing credit. If you look into the definition of input tax u/s 2(62) of the CGST Act it includes tax both on goods and services, hence tax on repairs and maintenance shall not be eligible.
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