About ITC on purchase a car for personel and business use

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60 Points Posted on 05 October 2020
I bought a car and its use for personel and business both can I take ITC and how
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On 05 October 2020 at 18:40 Report
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Quick Summary
If you've purchased a car for both personal and business use, you generally cannot claim Input Tax Credit (ITC) on it. This is because, under Section 17(5) of the CGST Act, 2017, ITC on motor vehicles is considered blocked credit. This restriction applies regardless of whether the vehicle is used solely for business, personal reasons, or a combination of both.

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Accountant
208 Points Posted on 05 October 2020
No , u r not elegible to claim ITC
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On 05 October 2020 at 18:51
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Tax and Business Consultant
11616 Points Posted on 05 October 2020
No, you can not take ITC on Car, whether car is used for personal purpose or business purposes or both.....
It's blocked u/s 17(5) of CGST Act, 2017
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On 05 October 2020 at 19:49
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ARTICLE ASSISTANT
26 Points Posted on 05 October 2020

No, it is a blocked ITC, you never claimed it whether personal or business purposes.

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On 05 October 2020 at 20:41
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a
1620 Points Posted on 06 October 2020
No you are not eligible
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On 06 October 2020 at 09:08

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