Vehicle insurance input credit

This query is : Open

Share Report Follow Query Ask a Query

Rajkumar Gutti

Rajkumar Gutti (Querist)
Follow

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)
Follow

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)
Follow

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)
Follow

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 http://hathaibaj-sureshjain.blogspot.in/2017/12/itc-of-gst-for-purchase-of-motor.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Angadi & Co

SHUBHANGI GOEL

SUMAN SAHA

AJAY Kumar Agrawal

Pawan Haryani

Subscribe Now

Vehicle insurance input credit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

CA Final

GST CONSULTANT

Article Assistant