Menu
Regarding Itc
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.
Replies (4)
No , Can not take Input Tax credit as per section 17(5) of the CGST act 2017 .
please confirm with others also .
No, you can not take ITC as per GST Act, 2017.
No, it is a blocked credit. Not to be claimed.
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
Recent Threads
- GST RCM Liability on Royalty on Gujarat State
- Head of income for TDS u/s 194JB
- Property purchase value acquired before 2001
- Error in ITR3 - OS sheet.
- 57th GST Council Meeting: Rate Rationalization on
- Can I amend Bills of Gstr1 after filing for itc re
- REITS and which itr ?
- LONG TERM CAPITAL GAIN ON SALE OF listed SHARES
- AI Tools for Accounting
- Commission are brokerage
Related Threads
CAclubindia
