Itc on vehicle repairing expenses
This query is : Resolved
04 July 2018
Dear Sir / Ma'am,
We are not in the business of Vehicle. Can we take ITC of repairing expenses incurred on Car used for the purpose of business?
We are not in the business of Vehicle. Can we take ITC of repairing expenses incurred on Car used for the purpose of business?
KAVIRAJA ADDANGADI
(Expert)
04 July 2018
One view interprets that there is no restriction on availing ITC on repair/spare parts of motor vehicles. Thus one can avail ITC on repair/spare parts.
But other experts say that since section 17(5) says that credit “in respect of “ motor vehicle is not allowed and this expression will have wider effect and credit on repairs of the vehicle will not be allowed.
There is no clarity, so as per my option it is better not to claim ITC on repairs and maintenance.
But other experts say that since section 17(5) says that credit “in respect of “ motor vehicle is not allowed and this expression will have wider effect and credit on repairs of the vehicle will not be allowed.
There is no clarity, so as per my option it is better not to claim ITC on repairs and maintenance.
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