Eligible Input for purchase of car?
Gopi (Staff) (56 Points)
05 January 2019
CA Vijeta Nathani
(Chartered Accountant)
(505 Points)
Replied 05 January 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 05 January 2019
pritesh
(CA Final student)
(7101 Points)
Replied 05 January 2019
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 05 January 2019
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 06 January 2019
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 January 2019
CA Roopa Nayak
(Specialized in Indirect Taxes)
(6721 Points)
Replied 06 January 2019
No. Such car credit is specifically restricted except when vehicle is used for specified purposes
Given below:
Eligible 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[under present GST law]