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ITC on New Car Purchased in the name of company for Directors use for business purpose

Others 1426 views 3 replies

Galtise Mistake yashil

2 Points Posted on 03 May 2021

This is a Private Limited Company, the car is purchased in the name of company and the car is used for business purpose by the directors. Shall we take the ITC on car purchased after deducting the 25% ITC is used for personal purpose.

Replies (3)

CA Altamush Zafar

GST Consultant

15986 Points Posted on 03 May 2021

ITC not available for car

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 03 May 2021

No you cannot claim ITC in this case

sabyasachi mukherjee

Profession Business

28207 Points Posted on 03 May 2021

Blocked credit u/sec 17 (5)

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