04 March 2024
I have purchased car battery by gst bill.can I claim input credit as my car is used for office purpose and isin my company name . Pl advise can we claim input tax credit in our gst returns.
04 March 2024
Don't quote wrong claims. Check section 17(5) You cannot claim ITC on vehicles purchased for passenger transportation such as-
Four-wheeler motor cars or Three-wheelers or auto rickshaws or Two-wheeler motorbikes or cycles or Tempo Travellers (TT) or buses having less than or equal to 13 seats, including the driver.Or any other vehicle used on the road However, ITC claims are still allowed for the purchase of a passenger transportation vehicle where you (buyer) conduct the following businesses-
Passenger transportation service or cab or bus rental or lease service Driving schools Automobile retail shops, showrooms, or manufacturing establishments.
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