Menu
ITC on repair of motor vehicles
whether itc on repair of motor vehicles is allowed? if yes under which section?
Replies (6)
ITC on repairs of motor vehicle is not allowed
Not allowed as per CGST amendment act 2018 ( amendment of section 17 )
allowed if you are gta ,,(goods transport agency)
friends if i wrong than correct me.
friends if i wrong than correct me.
ITC on Repair if Motor Vehicle is eligible Only :
in case of Trader (Not GTA) : when it's being used for transportation of Goods .
In case of Trader who deals in supply of vehicle
In case if he is GTA : ITC can be claim only when GTA has opted for scheme (As per Notification 22 CT(r) ) charging GST 12% on forward charge
in case of Trader (Not GTA) : when it's being used for transportation of Goods .
In case of Trader who deals in supply of vehicle
In case if he is GTA : ITC can be claim only when GTA has opted for scheme (As per Notification 22 CT(r) ) charging GST 12% on forward charge
ITC on repair of motor vehicle is allowed if assesse is engaged in the business of supplying motor vehicles
In case of GTA itc on repair of motor vehicle will be available only when GTA is paying GST under Normal Charge Mechanism and claiming ITC on its imputs
it is applicable from?
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
