Vechial taken for company driector so we take GST input for same
6 Replies
Bibek jaiswal
(Accountant)
(528 Points)
Replied 31 May 2018
No you can not take GST input even if the motor vehicle is used for business purpose.
Vinod Babu
(24196 Points)
Replied 31 May 2018
Section 17 sub 5 of CGST act 2017 not allowed input tax credit on Motor vehicles
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 31 May 2018
No you can't
in books
Take input & reverse as ineligible under section 17(5)
show same as in 3b
(As your supplier has issued you a B2b bill you have add once in ITC & reverse under 17(5))
in books
Take input & reverse as ineligible under section 17(5)
show same as in 3b
(As your supplier has issued you a B2b bill you have add once in ITC & reverse under 17(5))
Recent Topics
- Query regarding place of business in GST registrat
- GST ON PLOT SALE
- TDS return submitted, but neither rejected nor acc
- Trade payables
- NSDL DEMAT-annual custody fees
- Claiming Rent Expenses Invoiced Late Due to Vendor
- Discount and Outward freight on Sale GST RCM
- Income from debt mutual funds in ITR4
- Gold ETF STCG and LTCG
- Property capital gain, Bought in 2002 and sold in
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
