Hi .can we avail GST input credit on car purchase in the name of company name . used for management
thanks in advance
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Quick Summary
This discussion addresses whether GST input credit can be claimed on a car purchased for a company, especially when used for management purposes. The consensus is that input tax credit (ITC) cannot be claimed on car purchases. This is due to specific provisions under Section 17(5) of the CGST Act, which lists such items under 'blocked credits'.