Dear sir/Madam,
My Boss is Purchased Car on behalf Company Name in October 2020 That inovoice is including IGST and Cess. is it eligible for ITC . Can I claim it now?
Menu
Is it Eligible for ITC
Replies (4)
No
You can not claim ITC on Car
You can not claim ITC on Car
Thank you Sir , Thank you for your Reply
It is blocked as per Section 17(5) of CGST Act, 2017.
You can claim it only if it is for purposes as written in the above mentioned section.
You can claim it only if it is for purposes as written in the above mentioned section.
NO you cannot claim ITC on car
Recent Threads
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
Related Threads
CAclubindia
