We have paid gst on general insurance for motor vehicles is the same eligible for ITC???
As per section 17(5) only gst paid on purchase of motor vehicle is ineligible. Also the word ''related to" reduces the scope of the sub section only to the goods and not on related services.
kindly provide your views... thanks
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GST paid on insurance of motor vehicle
Replies (2)
The term 'in respect' is wider. It will include services in relation to motor vehicles also. Insurance, maintenance, repair etc carried out in respect of motor vehicles also not eligible for credit.
No you cannot take ITC
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