Input credit on purchase of new car

This query is : Resolved

a.bose (Querist)
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11 June 2018 We have purchased car for Company use, against bank loan.Please let us know whether we can claim input credit
on GST @ 28% on such purchase ? if yes please mention referral section .
A.K.Bose

CA Mayur Todmal

CA Mayur Todmal (Expert)
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11 June 2018 ITC on car purchased is available only if car is to be used in the business of transpiration of passengers or goods. 17(5)

a.bose

a.bose (Querist)
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14 June 2018 Thank you for your response.
Transpiration meaning is confusing ,could you please elaborate whether or not we are eligible for ITC,The car will be used for official purpose by the Director of the Company.

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CA Mayur Todmal

CA Mayur Todmal (Expert)
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14 June 2018 ohh! sorry it was transportation . typo mistake