can we avail input gst on
1.vehicle insurance on purchase of new vehicle and on renewel of insurance
2.vehicle accessories purchased after purchase of vehicles
thanks in advance
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Avalibilty of ITC on expenses
Replies (3)
you can avail itc on expenses, if expenses relate to business
Any expenses on which GST is paid and is related to business, can be claimed as ITC, so in your case if insurance of car is related to business or car is used for the business purpose than you can claim ITC on such expenses.
you can claim the ITC for vehicle not covered under blocked input credit like Car
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