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ITC on Motorbike Purch for company
Can I claim ITC for motorbike purchased in my company's name used for business purpose?
Replies (4)
No, you cannot claim ITC
it is a blocked credit hence you cannot avail itc
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
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
As per the Provision of Section 17(5) of the CGST Act 2017, INPUT TAX CREDIT ( ITC ) is Blocked on purchase of Motor Vehicles.
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