ITC on Sports Bike

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4 Points Posted on 06 October 2022
Any person having income from online platform by videos / reels of travelling through bikes. Can he/ she claim ITC on sports bike purchase?
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On 06 October 2022 at 21:42 Report
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Quick Summary
This discussion explores whether individuals earning income from online video content, such as bike travel reels, can claim Input Tax Credit (ITC) on the purchase of a sports bike. The consensus is that ITC is generally not eligible for such purchases due to restrictions under Section 17(5) of the GST Act, even if the bike is used for business purposes.

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Employee Private
1913 Points Posted on 07 October 2022

No, he is not eligible to avail ITC.

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On 07 October 2022 at 13:06
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4 Points Posted on 07 October 2022
The nature of his business is related to traveling by bike. Still he cannot take ITC on the purchase of bike?
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On 07 October 2022 at 13:38
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Employee Private
1913 Points Posted on 07 October 2022

Yes, because the ITC is restricted u/s 17(5) of GST Act.

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On 07 October 2022 at 14:49

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