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input claim
is input taken on car insurance???(insurance from ICICI Lombard)
Replies (4)
As per sec17 we cannot take input tax credit in respect of supplies related to conveyances except in case conveyances are used for making the following taxable supplies, namely:—
- further supply of such vehicles or conveyances ; or
- transportation of passengers; or
- imparting training on driving, flying, navigating such vehicles or conveyances;
- for transportation of goods;
Can you share the purpose for which CAR is being used?
Blocked u/s 17(5) of the CGST Act 2017.
it's a properiotership firm.
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