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ITC on a new car

ITC / Input 262 views 6 replies
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125 Points Posted on 02 April 2018
My client has just purchase a new car which he uses for business and personal purposes. Can he avail ITC in GST regime?
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On 02 April 2018 at 22:29 Report
Replies (6)
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GST Practitioner
55067 Points Posted on 02 April 2018
ITC cannot be avail, AS PER SEC 17(5)
301 Reply
On 02 April 2018 at 23:25
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Chartered Accountant
86505 Points Posted on 02 April 2018
As per sec 17 if some assets used for both business & personal purpose the ITC available for business purpose only.
814 Reply
On 02 April 2018 at 23:27
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Chartered Accountant
86505 Points Posted on 02 April 2018
But as per Sec 17(5) no ITC is available for motor vehicle except used for business, imparting training for driving or for transportation of passenger &goods. So no ITC available.
814 Reply
On 02 April 2018 at 23:29
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125 Points Posted on 03 April 2018
Thanks for your reply...
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On 03 April 2018 at 06:53
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135 Points Posted on 09 April 2018
and what about Insurance of new car
can we claim itc
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On 09 April 2018 at 22:30
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Chartered Accountant
86505 Points Posted on 09 April 2018
Yes ITC for insurance also available... If car used for business.
814 Reply
On 09 April 2018 at 23:08


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