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Claim of Input Tax Credit on buying a car.
If a partnership firm registered under GST Act, buys a car for business use can we claim input tax credit of GST and also what other expenses are allowed. Can we claim depreciation on car, petrol, driver salary, car maintenance etc.
Replies (2)
input on car cannot be taken.it is specifically denied unless d business is vehicle renting,etc. yes depreciation u can claim on car. other services related to car like maintenance u can claim I think.
transfer of any supply or services if thier is course or furtherence of business is liable for GST
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