Menu
section 17 (5)blocked credit
my query is section 17(5) of cgst act say that purchase of motor vehicle for business purpose except some case define under section so no gst claim means blocked but explain that expenses related to motor vehicle like insurance and repair and maintenance gst credit blocked or not if not explain and any FAQ related this matter by govt share me
Replies (5)
You yourself has answered to Query
"Input tax credit shall not be available in respect of the following"
In above
In respect of Means in related to , insurance, repair , or anything in related to except and the condition is laydown , on which credit is not block. Its specifically define the conditions on which credit is not block , Hence its clear that credit is also block anything related to motor vehicle
"Input tax credit shall not be available in respect of the following"
In above
In respect of Means in related to , insurance, repair , or anything in related to except and the condition is laydown , on which credit is not block. Its specifically define the conditions on which credit is not block , Hence its clear that credit is also block anything related to motor vehicle
no bro in respect and related both are difference
No Dear i do not agree .....
Then it should have been "input credit shall not be available on following "
and moreover the insurance, repair & maint. etc also not specify in the conditiin in which ITC is not block .
Then it should have been "input credit shall not be available on following "
and moreover the insurance, repair & maint. etc also not specify in the conditiin in which ITC is not block .
Yes...
ITC is available for Repairs and Maintenance of Vehicles and It's related Insurance related ITC...
ITC is available for Repairs and Maintenance of Vehicles and It's related Insurance related ITC...
No...
when there is no ITC on purchase of vehicle then how could the ITC can be avail on the exepenses related to it
when there is no ITC on purchase of vehicle then how could the ITC can be avail on the exepenses related to it
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
