GST onTyres purchased for car of the proprietor which is used for business purpose also- ITC is allowed or Not ?
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on tyres purchased for a business vehicle. The consensus is that ITC on car-related expenses, including tyres, is generally not eligible for claim under Section 17(5) of the GST law, especially if the car is considered a fixed asset.