Availability of Input Tax Credit
This query is : Resolved
15 February 2020
My company is registered firm & Now want to purchase a luxury car (innova) my question is whether we can take input on GST charged on purchase of car & my second query is, company want to purchase a Flat also for Guest House purpose so query is the same whether GST Input will be available to us which will be charge by the builder.
15 February 2020
ITC can't be taken on car and flat as it falls under blocked credit.
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15 February 2020
both the ITC will not be eligible as its not related to furtherance of business.
and these expenses are personal in nature.
and these expenses are personal in nature.
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