In may 2018 i have claimed itc on vehicle purchase is it wrong or right
Replies (3)
Quick Summary
This discussion clarifies the rules around claiming Input Tax Credit (ITC) on vehicle purchases under GST. Generally, ITC is claimable on commercial vehicles used for the supply of goods. However, it is not applicable to passenger vehicles (cars), even if used for business purposes, unless you are in the business of selling vehicles or providing motor training.
If Vehicle is Goods carriage (i.e commercial vehicles) than you are right, you can claim.
But if vehicle is passenger vehicles, than its wrong, you can not claim ITC on passenger vehicle except your are a vehicle dealer, runing moter training classes ect..