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itc on motor car
i have purchase motor car in name if company and i paid gst cess can take itc setoff or not. in vat regime motor car setoff can ton be taken. what about gst... plz cleryfy..
Replies (3)
ITC not available on Motor car.
No ITC allowed unless you are in same business.
I bought one motor bike in my company name. shall i got input claim?
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As per Section 17(5)(a) of CGST act 2017, Input credit is not allowed on motor vehicles and other conveyances except when they are used––
(i) for making the following taxable supplies, namely:—
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles or conveyances;
(ii) for transportation of goods;
So if you are using for any purpose other than above then credit is not allowable
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As per Section 17(5)(a) of CGST act 2017, Input credit is not allowed on motor vehicles and other conveyances except when they are used––
(i) for making the following taxable supplies, namely:—
(A) further supply of such vehicles or conveyances ; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles or conveyances;
(ii) for transportation of goods;
So if you are using for any purpose other than above then credit is not allowable
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