Sir,
Is it possible to get the ITC on cars for business purpose ?
Menu
Itc on car for business purpose
Replies (4)
Possible if no depreciation.
No. As per sec 17 of cgst act, itc on car is not allowed. It comes under block credit. However if you are a transportor or in transport business then you can claim itc of the said car.
👌 👌 👌 👌
No...
ITC on Motor Vehicles is BLOCKED u/s 17(5) of the CGST Act 2017.
Hence, you cannot claim ITC on Car.
ITC on Motor Vehicles is BLOCKED u/s 17(5) of the CGST Act 2017.
Hence, you cannot claim ITC on Car.
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
