Gst on payment on bank

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203 Points Posted on 18 January 2021
i purchased car and when i paid my car installment through bank at that time i paid gst with that payment...is that gst eligible to take ITC??
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On 18 January 2021 at 13:33 Report
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Quick Summary
If you've paid GST on your car instalments through your bank, you might be wondering if you can claim Input Tax Credit (ITC). If you are registered under GST, the general rule is that ITC on motor vehicles is blocked under Section 17(5) of the GST Act. Therefore, you typically cannot claim ITC on GST paid for car payments.

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Chartered Accountant
24588 Points Posted on 18 January 2021
Are you registered under gst?
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On 18 January 2021 at 14:16
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Chartered Accountant
86505 Points Posted on 19 January 2021
No you can't claim ITC as same is blocked u/s 17(5)
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On 19 January 2021 at 04:03
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203 Points Posted on 19 January 2021
Yes I'm registered under gst
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On 19 January 2021 at 09:52

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