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ITC allowable or not
Weather ITC is allowed on repair and insurance expense of maruti car held in the name of firm, or disallow U/S 17(5) in GST.
Replies (3)
Ar used for personal work ITC is ineligible ..
if used business work you can take itc
if used business work you can take itc
ITC on Repair & Maintenance of Motor Vehicles is Blocked under Section of 17(5) of the CGST Act 2017. Since no ITC was claimed during the purchase of car ( being blocked credit u/s 17(5)(a) of the CGST Act 2017 ), so no ITC can be claimed on Repair, Maintenance and Insurance Expenses.
Not allowed, It's blocked under Section of 17(5) of the CGST Act 2017
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