Dear Friends,
Can we claim ITC for MV repairs & maintenance? or it is blocked under section 175(5)?
ITC on motor vehicle repairs and maintenance is blocked.
But ITC on motor vehicle on repairs and maintenance can be claimed under the following conditions..
following situations where ITC on repairing/ insurance services of motor vehicle is still available (subject to, of course, fulfillment of other basic conditions for availment of any ITC) :
1. Motor Vehicle for transportation of persons having approved seating capacity of more than 13 persons. ( e.g. A Bus)
2. Motor Vehicle for transportation of goods. ( e.g. A Truck)
. Motor Vehicle used for making following taxable supplies, namely:—
(A) further supply of such motor vehicles ( e.g. In case of a Car Dealer)
transportation of passengers (( e.g. In case of a Taxi Service Provider)
(C) imparting training on driving such motor vehicles ( e.g. In case of a Driving School)
4. Services received by a taxable person engaged—
(I) in the manufacture of such motor vehicles
(II) in the supply of general insurance services in respect of such motor vehicles insured by him;
CAclubindia
