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is Tax credit allowed against repair maintenance or insurance of car or motor vehcile?
Tax credit allowed against repair maintenance or insurance of car or motor vehcile.
Replies (5)
Look, if you can claim ITC on such vehicle, you can claim GST Input on repairs & maintenance, or insurance, or any related expenses ON SUCH VEHICLE.
Conditions to be met:
1. Vehicle of 13 persons capacity (including driver)
2. Used for
(i) Transportation of passengers, or
(ii) Transportation of goods, or
(iii) Imparting motor training/driving services
3. Used for "business purpose" only.
Yes.... I agreed to Mr Shorya.
@ Mr Shorya.,
Very well explain. Keep it Up.
@ Mr Shorya.,
Very well explain. Keep it Up.
Thankyou, *Miss Shorya.
You are welcome Miss Shorya...☺
good advice
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