my client doing organic store business, can I claim car insurance gst input for our proprietory business?
can I claim such input
GST car insurance input
srikumar (audit staff) (1203 Points)
25 October 2018
CA Rakesh Joshi
(Chartered Accountant )
(1272 Points)
Replied 25 October 2018
No. Cannot calim ITC for GST paid on Car Insurance.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 25 October 2018
srikumar
(audit staff)
(1203 Points)
Replied 25 October 2018
Suvendu Chakraborty
(Accounts Executive)
(259 Points)
Replied 25 October 2018
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 October 2018
DEAR SRIKUMAR
THE BLOCK CREDIT IN REGARD TO VEHICLE : IN AMENDMENT ACT 2018 ,NO.31,DT.29/08/2018 ITS CLARIFY THAT NO CREDIT WILL BE AVAILABLE ON INSURANCE,SERVICE & REPAIR OF VEHICLE
NOTE : THE PROVISION OF ACT WILL COME INTO THE FORCE WHEN THE COUCIL NOTIFY