Hey All,
Wanted to know if we can claim input tax credit on purchase of car used for business use? (Car is purchasrd in the name of proprietary business)
Dixit Kothari (Article) (71 Points)
27 March 2018Hey All,
Wanted to know if we can claim input tax credit on purchase of car used for business use? (Car is purchasrd in the name of proprietary business)
Dhananjay saraf
(Chartered Accountant)
(254 Points)
Replied 27 March 2018
Generally ITC is not eligible except in following cases-
1. Used for transportation of goods
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961