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Eligibility of ITC on insurance

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2 Points Posted on 18 July 2020
I paid an insurance for two wheeler which is used for business purpose only tax paid is eligible for taking ITC?
Explain the provision of ineligibility of ITC on insurance.?
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On 18 July 2020 at 23:49 Report
Replies (4)
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GST Consultant
15986 Points Posted on 19 July 2020
Itc not available. Refer Section 17(5)
55 Reply
On 19 July 2020 at 00:21
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Student
23688 Points Posted on 19 July 2020
Do you use the Motor Vehicle ( Two Wheeler ) to transport goods ??? Did you claimed ITC on GST portion on purchase of the Two Wheeler ???
97 Reply
On 19 July 2020 at 00:52
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1102 Points Posted on 19 July 2020
Whether these Motor Vehicles are purchase for transportation of Goods???
1 Reply
On 19 July 2020 at 09:26
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GST Consultant
15986 Points Posted on 19 July 2020
Two wheeler can in no case be considered a motor vehicle used for transportation even if it is actually used.
55 Reply
On 19 July 2020 at 09:27


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