Vehicle insurance input credit

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Rajkumar Gutti

Rajkumar Gutti (Querist)

30 December 2017 we have paid motor car vehicle insurance.

can we get credit on four wheeler car insurance charges

RAJA P M

RAJA P M (Expert)

30 December 2017 If you using it furtherance of business then you can avail the benefit of ITC. Otherwise not available.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

30 December 2017 Section 17(5) of the CGST Act, 2017 Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following, namely:— (a) motor vehicles and other conveyances except when they are used–– (i) for making the following taxable supplies, namely:— (A) further supply of such vehicles or conveyances ;

CA Suresh Jain

CA Suresh Jain (Expert)

31 December 2017 The ITC against inward supply of vehicle and expenses in relation to the vehicles could be available for the business other than goods or passenger transport under some circumstances. Please refer https://hathaibaj-sureshjain.blogspot.in/2017/12/itc-of-gst-for-purchase-of-motor.html

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

31 October 2026 Since 1 Feb 2019 Sec 17(5)(ab) expressly blocks GST on insurance, repair and servicing of cars (up to 13 seats) whose own ITC is blocked, unless used for further supply of vehicles, passenger transport or driver training, or received by a vehicle maker or insurer; for goods carriages the insurance ITC is fully available.

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