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Can a company claim ITC on repairs and purchase of tyres of cars ?

ITC / Input 15162 views 9 replies
company has purchased a motor c
ar and availed services for repairs. Can the company claim input tax credit on services. Car is registered in company's name.
Replies (9)
Quick Summary
ITC on car repairs and tyres is generally blocked under Section 17(5) for motor vehicles and related services. However, some views allow ITC if the vehicle is used for specific business purposes, but the safer position is that such ITC is not available.

Yes... You can take ITC as using for your business.... u/s 17(5).
ITC on vehicle repair and maintenance is allowed only if vehicle is used for business purpose. tyre replacement also comes under this category.

It is better not to take such ITC, because they will amend the law in which it will be specifically disallowed.

But yes if it is used for business purpose as said by CA Sunil Kumar, then it will be allowed.

No you cannot As it's under Section 17(5)
ITC shall not be available in RESPECT OF
the following:

1. Motor vehicle and other conveyance 

kindly not specifically The Word "in Respect of ™ means anything related to Vehicle like repair & insurance Etc
And moreover further it's specified the condition on which the ITC is available ....
(i) for making the following taxable nsupplies, namely:—
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles
or conveyances;
(ii) for transportation of goods;

sir we have purchase bike tyre can i input claim for GST.????

Bike registered on self But bill raise for company name.

 

NO.......................................

Sir can we take input tax credit on business trip i mean trip conducted on official purpose and also we have purchased tyres for business purpose in the name of company name. Can we claim Input tax credit on it.

Can i claim itc on Tyre purchase of Commercial vehicle which is used in firm

@ vijay

yes, you can


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