Vehicle insurance input credit

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Rajkumar Gutti

Rajkumar Gutti (Querist)
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30 December 2017 we have paid motor car vehicle insurance.

can we get credit on four wheeler car insurance charges

RAJA P M

RAJA P M (Expert)
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30 December 2017 If you using it furtherance of business then you can avail the benefit of ITC. Otherwise not available.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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30 December 2017 Section 17(5) of the CGST Act, 2017 Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following, namely:— (a) motor vehicles and other conveyances except when they are used–– (i) for making the following taxable supplies, namely:— (A) further supply of such vehicles or conveyances ;

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CA Suresh Jain

CA Suresh Jain (Expert)
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31 December 2017 The ITC against inward supply of vehicle and expenses in relation to the vehicles could be available for the business other than goods or passenger transport under some circumstances. Please refer http://hathaibaj-sureshjain.blogspot.in/2017/12/itc-of-gst-for-purchase-of-motor.html