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ITC on purchase of car

Mukesh KUMAR (ACCOUNTANT) (115 Points)

17 December 2018

Can we take itc on purchase of car in the name of company

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8 Replies

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 17 December 2018

Better to explain Your query...!

Which self use or any other travelling mode like travells business...?

Mukesh KUMAR (ACCOUNTANT) (115 Points)
Replied 17 December 2018

for the use of self

Vedant Khanna (374 Points)
Replied 17 December 2018

ITC is not allowed if used for personal purposes

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 17 December 2018

No... ITC not available.

pritesh (CA Final student) (7101 Points)
Replied 17 December 2018

ITC is not available on personal use of any goods

naren karthick (work) (32 Points)
Replied 17 December 2018

Mr.pritesh car purchased for partly own use and partly official purpose how can I claim itc?

Naveen (CA) (50 Points)
Replied 17 December 2018

only for business purpose only the ITC will get claimed not for personal use

CA Nikhil Arora (Chartered Accountant) (91 Points)
Replied 18 December 2018

No ITC Will be claim even if it is used for business purpose. As per sec 17(5) , it is blocked credit unless the registered person is engaged int the business of car dealer or same line of business or for imparting training , driving business, or for tranportation of goods.

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