Menu
ITC taken out of core business
In GST there is a provisions called For the Furtherance of Business in that a properitor can availe ITC out of core business. In this case the properitor has buy the car for business use and personal use in doubt properitor can availe ITC in car buying ITC and other expenses.
Replies (2)
ITC on car and motor vehicles is block u/s 17 of CGST act.
You can only take credit of it when you are involved in the business of it.
You can only take credit of it when you are involved in the business of it.
No, you can't avail ITC...
its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
