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Regarding Itc

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Accountant
643 Points Joined September 2017
sir I am the sole prop of the firm and holding gst now I have purchased a vehicle in my personal name Sir I want to know that I shall take the itc of gst paid on the said purchase of said vehicle.
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On 03 September 2020 at 08:43 Report
Replies (4)
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GST Practitioner & Accounts
15083 Points Joined March 2014

No ,  Can not  take  Input  Tax credit  as per  section  17(5)  of the CGST  act  2017 . 

please confirm with others also . 

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On 03 September 2020 at 09:41
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Tax and Business Consultant
11616 Points Joined July 2015
No, you can not take ITC as per GST Act, 2017.
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On 03 September 2020 at 09:54
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Manager-Accounts & GST Consultant
5124 Points Joined July 2014

No, it is a blocked credit. Not to be claimed.

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On 03 September 2020 at 12:45
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T
405 Points Joined May 2019
Vehicle whether in personal or buisnes name is ineligible for itc except for goods transport eg trucks and for further supply for eg u are in buisness of sale of vehicles and last exception is for driving school
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On 03 September 2020 at 19:33

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