Meenakshi S
(Self employed)
(198 Points)
Replied 18 February 2019
hello,
Exceptions to ITC available under following situations:
1) If you are in the business of supplying cars then ITC will be available.
2) If you are providing transportation of passengers then ITC will be allowed on the vehicle purchased.
3) A driving school purchases a car to give training to students. The school can claim ITC on the GST paid on the car.
4) ITC will be allowed on motor vehicles (and other conveyances) used to transport goods from one place to another. However, this is concerning other transporters and not goods transport agencies.
you can also read this article for more clarification https://www.indiafilings.com/learn/input-tax-credit-on-motor-vehicle/
thanks
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