Menu
ITC ON VEHICLE PURCHASE
my client was doing soap manufacturing business,he purchased two motor bikes and one BMW car for business purpose,can he claim GST ITC on that vehicles
Replies (4)
( purchased two motor bikes and one BMW car for business purpose. )
Which way it's business purposes...?!
Can You explain with details...?
Which way it's business purposes...?!
Can You explain with details...?
Using for business,in administrative activities
No... ITC not available for the purchase of vehicles which is not used for transportation & other conditions as per section 17(5) of CGST act.
No ITC on motor vehicle less then 13 person sitting capacity(including driver) or it is used for transportation of goods
Recent Threads
- Social TV: Where Streaming Meets Real-Time Engagem
- Schedule AL 50lakh or 1cr ?
- ¿Creen que el mercado de fertilizantes en Col
- GST - Whether Credit andDebit Note needs to be giv
- S.57(iv) under New Tax Regime (115BAC(1A)) for MAC
- S.57(iv) under New Tax Regime (115BAC(1A)) for MAC
- Tax Liability on STCG and LTCG
- Guidance Required on Returning Defective Equipment
- AI and Chartered Accountancy: How Technology is Tr
- AY2024_25 old regime,AY 205_26 also old regime,Whe
Related Threads
CAclubindia
