Insurance of motor vehicle

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Student CA Final
30 Points Posted on 04 March 2020
is itc is available in case of insurance of motor vehicle
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On 04 March 2020 at 09:38 Report
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Quick Summary
Generally, Input Tax Credit (ITC) is not available for motor vehicle insurance. However, there are three specific exceptions where ITC can be claimed. This applies to vehicles with a capacity of 13 or more, including the driver. For standard cars and motorbikes with less capacity, ITC is typically not applicable.

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14 Points Posted on 04 March 2020
No generall not be there are three exception. if those exception are fullfilled then this services are also Applicable for itc
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On 04 March 2020 at 10:01
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Student CA Final
30 Points Posted on 04 March 2020
If it is of car or motor bike, then itc is not available?
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On 04 March 2020 at 10:08
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14 Points Posted on 04 March 2020
No in genreal rule Motor vehicle Having capcity less than 13 including driver.. ITC is not availble
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On 04 March 2020 at 10:16
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PROPRIETOR
16010 Points Posted on 04 March 2020
Itc not available on insurance of motor vehicle
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On 04 March 2020 at 10:22

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