Hi Friends,
we are under security agency and we have purchased on two wheeler for office purpose,whether can I consider input tax credit on the same.
pls confirm the same and notification pls refer the same.
GIRI A
3 Replies
virender chahal
(article)
(22 Points)
Replied 21 September 2018
Not allowed as blocked credit s*x 17(5)
GIRI.R.A
(INTERNAL AUDITOR)
(133 Points)
Replied 21 September 2018
sir,
can you please explain the same
can you please explain the same
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 September 2018
As per section 17(5)
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;
Hence if vehicle is used other then above specified ITC cannot be claim
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;
Hence if vehicle is used other then above specified ITC cannot be claim
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