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Insurance premium for company cab
Dear member, We paid insurance premium including GST for company cab(below 14 member) capacity, is it eligible for Input tax.
Replies (8)
What is the business of Your company...?!
Pharama company
Yes it is available as under section 17(5) if the motor car having capacity of passenger more than 13 including driver it is out of preview of block credit.
Yes... You can avail ITC credit.
Sir, cab capacity is below 13 passenger & we can assume all cab related expenses also ineligible.
Why confused with different details...?!
If below 13 means 1 seat or 12 seat...?
If any doubt please refer sec 17(5) of CGST act...
If below 13 means 1 seat or 12 seat...?
If any doubt please refer sec 17(5) of CGST act...
Yes in case below 13 passenger capacity nothing is allowed..
No ITC Is available if seating capacity is less then 13 person including driver
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