Is it Eligible for ITC

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accountant
77 Points Posted on 20 December 2020
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?
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On 20 December 2020 at 16:02 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on a car purchased by a company in October 2020, including IGST and Cess. The consensus is that ITC on cars is generally blocked under Section 17(5) of the CGST Act, 2017. Claims are only permissible if the car is used for specific purposes outlined in that section.

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Accountant
3662 Points Posted on 20 December 2020
No

You can not claim ITC on Car
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On 20 December 2020 at 16:44
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accountant
77 Points Posted on 20 December 2020
Thank you Sir , Thank you for your Reply
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On 20 December 2020 at 17:36
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Practicing Chartered Accountant
959 Points Posted on 21 December 2020
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.
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On 21 December 2020 at 13:33
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 21 December 2020

NO you cannot claim ITC on car

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On 21 December 2020 at 13:51

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