One of my friends bought motor cars ,two wheelers and rented it for a 'tours and travel' company and receiving rent based on agreement between the company. Now my query is how to claim ITC paid on motor cars,two wheelers purchased???
pls help...
Menu
ITC claim on motor vehicle
Replies (8)
you avail the gst credit because it's not covered under block credit which is mention in section 17.
need opinion on method of availing ITC... Shall I take it as capital goods and appropriate over a period of 60 months??
same doubt here can anybody help us
@ Mahesh.,
The Car is given "Tours and Travells" company then You can claim ITC for the purchase of Car... And You can take the ITC in single take...
But, What about the "TWO WHEELER"...?
The Car is given "Tours and Travells" company then You can claim ITC for the purchase of Car... And You can take the ITC in single take...
But, What about the "TWO WHEELER"...?
two wheeler too rented to same company
As per my view.,
It's very different. Bcoz, Except two wheeler we can get Commercial purpose with registration... But, Two Wheeler...?!
It's very different. Bcoz, Except two wheeler we can get Commercial purpose with registration... But, Two Wheeler...?!
The company is not running its own business of tour &travel,but it is merely giving it on rent.So,no ITC is available,be it either 2/3/4 wheeler vehicle
@ RAJ Kamal Singh.,
No such problems...
No such problems...
Recent Threads
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
Related Threads
CAclubindia
