Sir,
Is it possible to get the ITC on cars for business purpose ?
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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.
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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.
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