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INPUT TAX CREDIT on CAR PURCHASE FOR COMPANY

Others 2299 views 1 replies

Following are the details to determine if the GST input can be claimed or if it is blocked/ineligible for us, please provide your valuable input for clarification.

  1. We bought a car in the name of our private limited company,  value is 16 lacs including a GST of 28% plus cess.
  2. Company is in the business of management consulting only.
  3. Use of car is for employee/ director business use.
  4. If it is not a block credit category then what we should take care while claiming credit.

Thanks and awaiting the response.

 

 

Replies (1)

No input tax credit is available on car as it comes under blocked credit under section 17(5). 


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