Itc of car purchased for director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2018
We take contracts from L&T for construction of railway quarters. We have purchased a car for director. Can ITC of gst on purchase be availed? What if the car is used for wholly personal purpose or partly for personal use or partly for office use?
A cess is levied @1% on car's value. What will be the treatment of the cess?
A cess is levied @1% on car's value. What will be the treatment of the cess?
10 July 2018
itc on vehicle is available only if you are in business of transportation of goods/passengers/ or reseller
10 July 2018
No ITC is available for purchase of vehicle for Director question of Cess not arise.
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