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ITC on car purchase.

ITC / Input 396 views 5 replies
Can i take the gst credit on car purchase related to Business if yes than whats the ITC rule can i take at a time or should i divide it by 5 years and take part credit on monthly basis.
Replies (5)

NO. ITC blocked for car u/s. CGST sec. 17(5)

No....

ITC on Motor Vehicles is specifically BLOCKED u/s 17(5) of the CGST Act 2017...
ITC is not available for Motor Vehicles used to transporting person, having a seating capacity of less than or equal to 13 person (including the driver), including leasing or hiring thereof.Please See the Clause of Section 17(5)-Blocked ITC.
Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019. 
If ITC already taken how to reverse it and if there is any other method please let me know


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