I am sole proprietor of my business firm.
I have car which is shown in balance sheet of firm (Purchased in my personal name) & is used for running business.
Can I claim ITC of GST charged on insurance premium ?
Can I claim ITC of GST charged by workshop on repairing bill ?
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ITC OF GST CHARGED ON INSURANCE PREMIUM OF CAR
Replies (12)
no for insurance for repairing you have to get bill with your GST no
You cant claim as car is in your personal name.
in bill GST no is printed.
I am sole proprietor of firm
I am sole proprietor of firm
Yes...
You can get the repair and maintenance charges for your car as using your business purpose....
You can get the repair and maintenance charges for your car as using your business purpose....
Raja sir,
can I claim ITC of GST on insurance premium ?
can I claim ITC of GST on insurance premium ?
Then you can claim ITC if car is used for business purpose.
| Originally posted by : MANOJ KEDIA | ||
 |
Raja sir,can I claim ITC of GST on insurance premium ? |  |
Ohhhhhhhh Yessssssssssss......
Sir/Mam,
Please help me to know whether i can claim Input credit on insurance premium paid with GST, in which GSTN is not provided by both the parties (insurer and insured).
| Originally posted by : Taniya Gupta | ||
|
Sir/Mam, Please help me to know whether i can claim Input credit on insurance premium paid with GST, in which GSTN is not provided by both the parties (insurer and insured). |
|
No...
GSTIN is must in the Invoice....
sir my gst no. is printed on car Insurance invoice, can i get itc
as car is my assest in books
as car is my assest in books
Yes but GST amt not capitalised I.e car shown at taxable value in books.
can i claim ITC for vehicle insurance paid for bike used for personal purpose??
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