my client individual or firm purchase car for official use, bill raised at firm name along with gst no.
can I claim input credit on car?
explain sir
Menu
gst ITC On car
Replies (5)
No... ITC not available except it's related business activities.
As per section 17(5) of CGST Act, input tax credit will not be available in respect of motor vehicles and other conveyances, except when
such motor vehicles or other conveyances are supplied further, or
used for transportation of passengers or giving training on driving, flying, navigating such vehicles or conveyances or
are used for transportation of goods.
Hence, if your firm /individual does a business that falls under any of the categories mentioned above, it can claim the input tax credit.
such motor vehicles or other conveyances are supplied further, or
used for transportation of passengers or giving training on driving, flying, navigating such vehicles or conveyances or
are used for transportation of goods.
Hence, if your firm /individual does a business that falls under any of the categories mentioned above, it can claim the input tax credit.
No input can be claimed.Exception : If the business is transport business or driving school then ITC can be claimed
ITC will be available when the vehicle is used for the following.
Transportation of goods
Transportation of Goods/Passenger
Supply of other vehicles or conveyances
Hence you are using it for tranporting of goods , ITC is available to You
Transportation of goods
Transportation of Goods/Passenger
Supply of other vehicles or conveyances
Hence you are using it for tranporting of goods , ITC is available to You
ITC cannot be claimed on Motor Vehicle since it is specifically Blocked u/s 17(5) of CGST Act 2017.
There are exception also as mentioned by Rohit Sir.
There are exception also as mentioned by Rohit Sir.
Recent Topics :
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
Related Topics :
CAclubindia
