Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Vechicle purchase credit

mallika poduval (6 Points)

21 March 2019

shall we credit taken (ITC)on Vechicle purchase in proprietor concern

Reply
Follow
Share

3 Replies

Hasan Ali (22 Points)
Replied 21 March 2019

As per section 17(5) blocked credits - ITC will not be available but if following conditions is satisfied then you can take itc-
further supply of such motor vehicles
transportation of passengers
imparting training on driving, such motor vehicles
however if the motor vehicles so purchased have more than 13 seater capacity including driver seat then also ITC can be availed and in all other case itc will not be allowed

1 Like

shailendra shukla (Bhopal) (1741 Points)
Replied 21 March 2019

adding to the above....itc is also available on........

Transportation of goods

ITC will be allowed on motor vehicles (and other conveyances) used to transport goods from one place to another. However, this is concerning other transporters and not goods transport agencies (GTA).