Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Galtise Mistake yashil   03 May 2021

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

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.


 3 Replies

CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     03 May 2021

ITC not available for car
Sourav

Sourav (Student)     03 May 2021

No you cannot claim ITC in this case
sabyasachi mukherjee

sabyasachi mukherjee   03 May 2021

Blocked credit u/sec 17 (5)

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags