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 Topics :
- Loan & Joining bonus to new employees Chief Ma
- Income Tax NUDGE Notice – Gift of Shares fro
- Is DIR-3KYC Needed
- Looking for a study buddy intermediately Jan 2027
- How to correct a NIL GST return filed by mistake w
- Is it legally permissible not to report F&O lo
- Query on FCTRS
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
Related Topics :
CAclubindia
