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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.
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