ITC on repair of motor vehicle
can we claim ITC on repair and service of motor Vehicles ??
Replies (9)
please see negative list under GST
it clears Ur concept
it clears Ur concept
No, if you are not in business related to plying of motor vehicles.
i have checkd and as per sec 17(5) ITC will not allowd on motor vehicle but as per answer given by Mr. Adhiya on twitter, ITC on GST paid on repair will be allow as per section 17.. so in which point it will bh allowed??
please do not go by words because when audit comes at later stages
it's very difficult to prove thru words
it's very difficult to prove thru words
and more to that department personal are very adamant on rules and Sections
so take all precautions by rules and Sections
so take all precautions by rules and Sections
only allowed if one is into related field
means plying and transportation
or if it is for the furtherance of business
means plying and transportation
or if it is for the furtherance of business
ITC In "respect of motor car" is not available, ITC of "services" in respect of Motor car are not restricted.Insurance premium and repair and maintenance exp of car are allowed subject to eligible u/s 16
Correct Mr. Ayush
As per sec 17(5) ITC in respect of motor vehicle is not allowed.the law specific mentioned in respect of motor vehicle which includes repair & maintenance which means itc of repair & main in respect of motor vehicle is not allowed but if law mentioned itc of motor vehicle is not allowed then itc of repair and maintenance will be allowed.
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