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ITC CLAIM

ITC / Input 160 views 2 replies

Ram Kumar Baghel

32 Points Joined December 2015

Can we claim ITC in GST if we buy a car in a company account?

Replies (2)

Under section 17(5) of GST act . You can cannot claim ITC for vehicle even it is ultimately used for purpose of business. If your business relates to Transportation of passenger and goods you can claim

Rahul Prajapati

Student

2282 Points Joined October 2017

Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect motor vehicles shall not be available except when they are used-

(i) for making the following taxable supplies, namely-

(A) further supply of such vehicles or conveyances; or

(B) transportation of passengers; or

(C) imparting training on driving, flying, navigating such vehicles or conveyances;

(ii) for transportation of goods;