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ITC on motor vechicles

ITC / Input 131 views 3 replies
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10 Points Posted on 16 November 2017
How to claim input tax credit on motor vechicles ? is it in installements or lump sum?
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On 16 November 2017 at 13:00 Report
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GST Practitioner & Accounts
15085 Points Posted on 16 November 2017

Section  17 sub 5 of CGST act  2017 not allowed  input tax credit on Motar vehicles 

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On 16 November 2017 at 13:42
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10 Points Posted on 16 November 2017
but there is exception for that section. please note that.
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On 16 November 2017 at 13:57
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Student cum businessman cum professional
859 Points Posted on 16 November 2017
Assuming in your case motor vehicle falls in exceptions of 17(5), you can take ITC as shown in Invoice at once.
2 Reply
On 16 November 2017 at 17:59


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