GST ITC ON VEHICLE TYRE PURCHASE

This discussion explores whether a pharmaceutical company can claim Goods and Services Tax (GST) Input Tax Credit (ITC) on car tyres purchased for a vehicle registered in the company's name and used by a director. The general consensus and advice provided is that ITC on such purchases is typically not claimable, with a specific mention of Section 17(5) of the GST Act, which outlines restrictions on ITC for motor vehicles and their parts.