if I'm a gst registered contractor...
I am planning to purchase a car...
can I get Itc benefit for this purchase?
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input tax credit
Replies (8)
ITC on motor vehicle is not available
except if it is used for transportation of Goods, passengers, and for motor driving school
except if it is used for transportation of Goods, passengers, and for motor driving school
you cannot claim ITC on car as you are engaged as contractor
GST input can be claimed on all the input supply which is in furtherance of business. Therefore input can be claimed on the assumption that the same may be used for business purposes.
there is specific exclusion for ITC on motor cars
please refer section 17(5) blocked credits
please refer section 17(5) blocked credits
No you can't claim that itc.
if u car purchase for business propose that u can avail the benifit .
For those who are saying ITC is available on car
please refer Section 17
especially 17(5)
please refer Section 17
especially 17(5)
ITC on motor cars and conveyances can't be claimed except
1. It has bought for supplying of goods
2. It is for transportation of passengers
3. It is for running a driving school
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