Sarath Rajendran
(Nil)
(2791 Points)
Replied 03 August 2018
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Kowsalya Sanker
(Advocate )
(16 Points)
Replied 03 August 2018
As per section 17(5) of the CGST Act, 2017 motor vehicle is not eligible for ITC.
CA Anita Bhadra
(DGM FINANCE BHARAT ELECTRONICS LIMITED )
(6000 Points)
Replied 03 August 2018
No
Sec. 17(5) (1) of the said Act blocks availability of input tax credit
“(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub- section (1) of section 18, input tax credit shall not be available in respect of the following, namely:—
(a) motor vehicles and other conveyances except when they are used –
(i) for making the following taxable supplies, namely:—
(A) further supply of such vehicles or conveyances; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles or conveyances;
(ii) for transportation of goods;”
Shivam RC
(Student)
(23683 Points)
Replied 03 August 2018
CAclubindia
