Can a proprietorship claim ITC for car repair and insurance? Please clarify! Thanks
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ITC on Car maintenance for Proprietorship
Replies (5)
Quick Summary
No it's disallowed
The ITC is restricted as per second 17(5) if car is used for furtherance of business. However if the car is used for further supply (cab services provided) then same be eligible.
No it's block u/s 17(5)
ITC should be reverse under section 17 (5) of the GST Act
If the car is used for business purpose then yes
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