CAN CLAIM INPUT? REPAIR AND MAINTANCE EXP

No ITC is allowed on services of general insurance, servicing, repair and maintenance in so far as they relate to motor vehicles, vessels or aircraft referred to in (1).

Exceptions to ITC on insurance, repair or maintenance

• Same as expections mentioned for motor vehicles/vessels/aircrafts
• where received by a taxable person engaged—(I) In the manufacture of such motor vehicles, vessels or aircraft; or

  (II) In the supply of general insurance services in respect of such motor vehicles, vessels or aircraft insured by him