car can we get ITC
U MOHAN (62 Points)
20 December 2017
We have bought car in the name of company shall we get ITC
6 Replies
Prakash Mehta
(227 Points)
Replied 20 December 2017
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 ; or
[B] transportation of passengers; or
[C] imparting training on driving, flying, navigating such vehicles or conveyances;
[ii] for transportation of goods;
[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 ; or
[B] transportation of passengers; or
[C] imparting training on driving, flying, navigating such vehicles or conveyances;
[ii] for transportation of goods;
Prakash Mehta
(227 Points)
Replied 20 December 2017
i think u got ur answer still if ur not clear then let me.know i will explain u
dipti adake
(64 Points)
Replied 20 December 2017
also whether insurance and maintainance paid for car in case of individual is eligible for itc?
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