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ITC on Motorbike Purch for company

ITC / Input 250 views 4 replies
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1244 Points Posted on 25 February 2019
Can I claim ITC for motorbike purchased in my company's name used for business purpose?
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On 25 February 2019 at 12:20 Report
Replies (4)
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Accountant
1037 Points Posted on 25 February 2019
No, you cannot claim ITC
3 Reply
On 25 February 2019 at 13:56
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0
609 Points Posted on 25 February 2019
it is a blocked credit hence you cannot avail itc
1 Reply
On 25 February 2019 at 14:10
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Tax Professional & Advisor
1421 Points Posted on 25 February 2019
As per Section 17(5) CGSG Act, 2017 for ineligible ITC Following are considered

NO.. itc can NOT be availed on motor vehicle 

except 

vehicle purchase for resale as retailer 

for the transportation of employees 

for the transportation of goods (gta)

for use of training / plying etc  
2 Reply
On 25 February 2019 at 14:31
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Student
23688 Points Posted on 26 February 2019
As per the Provision of Section 17(5) of the CGST Act 2017, INPUT TAX CREDIT ( ITC ) is Blocked on purchase of Motor Vehicles.
97 Reply
On 26 February 2019 at 20:58


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