input credit
whether itc credit for gst paid on insurance premium on car and repair and maintainance is available
Replies (6)
no specific procedure. Entire ITC will be available in month of purchase. claim ITC in GSTR-3B. While claiming depreciation under IT Act, take only the taxable value excluding tax component
No.. ITC on insurance or repair of car is not eligible as per section 17(5)(ab) of CGST Act.
Ignore my previous comment it was to be posted for a different question. sincere apology
Ignore my previous comment it was to be posted for a different question. sincere apology
Covered under blocked credit
Not Available.
Refer Section 17 (5) of the CGST ( Amendment ) Act 2018.
Refer Section 17 (5) of the CGST ( Amendment ) Act 2018.
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