GST on Purchase of car for company Director use

This discussion clarifies the Goods and Services Tax (GST) implications when a company purchases a car, particularly for director use. It addresses whether Input Tax Credit (ITC) is claimable and provides guidance on the correct Tally accounting entries for car and accessory invoices. The entries involve debiting the Car Account and GST ITC Account, and crediting the Supplier Account, with a note on reversing GST to the Car Account via Journal Voucher if applicable.