can i claim gst on new car purchased fr company purpose
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GST on car
Replies (6)
YES U CAN , IF CAR IS FOR BUSINESS PURPOSES
No sir , can't avail, credit is block under 17(5) for vehicle
car is purchsing for managing director purpose .
on company name
is gst credit will get
on company name
is gst credit will get
If the motor car is purchased for transportation of goods, itc can be claimed. ITC cannot be claimed on purchase of vehicles for transportation of staff
if purchase for business used then u cant claim itc credit...if u r dealing in car business then u can clam itc on that
If motor vehicle has purchased after 01.07.2017 than you can not claim ITC. (due to availment of cenvat credit restricted in Section 17(5)).
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