I am a registered dealer under GST AS A PROPRIETOR.
IF I BUY A CAR ON FIRM'S NAME WILL I BE ELIGIBLE FOR THE INPUT OF GST ON MY CAR BILL.
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GST INPUT ON CAR PURCHASE
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Acc to Sec 17(5) of CGST act, if you are in the business of supplying vehicle hire services etc...only then ITC available, otherwise not..
thanks
what about vehicle maintenance. if a service stn raises a bill with gst on a company can we claim itc on parts and service
You can claim the services bills taxes. But, Can't claim car purchased bill and it's accessories....
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