Gst input on tyre

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79 Points Posted on 10 June 2021
I am proprietor of my firm .
I am showing my car as
assets in my firm balance sheet.
can I claim gst input on
purchase of tyre of that vehicle
plz clarify
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On 10 June 2021 at 17:21 Report
Replies (5)
Quick Summary
This discussion clarifies whether a proprietor can claim GST input tax credit (ITC) on the purchase of tyres for a car registered as a business asset. The consensus is that such ITC is specifically blocked under Section 17(5) of the GST Act, even if the vehicle is used for business purposes. Therefore, input tax credit on car tyres cannot be claimed.

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CMA
13117 Points Posted on 10 June 2021

No, such ITC is specifically blocked u/s 17(5) even if used for business.

1 Reply
On 10 June 2021 at 17:38
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GST Consultant
15986 Points Posted on 10 June 2021
CMA Poornima is correct. ITC specifically blocked in section 17(5)
1 Reply
On 10 June 2021 at 18:08
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Chartered Accountant
24588 Points Posted on 10 June 2021
No ITC cannot be claimed
1 Reply
On 10 June 2021 at 19:09
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Learner
2398 Points Posted on 10 June 2021
You can't
1 Reply
On 10 June 2021 at 19:14
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79 Points Posted on 10 June 2021
Thank you all
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On 10 June 2021 at 20:12

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