GST CREDIT ELIGIBILITY

Rounak Agarwal (Accountant) (85 Points)

18 July 2019

Can I claim ITC on car purchased in the name of firm

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3 Replies

CA ABHAY GUPTA (Practice) (3235 Points)
Replied 18 July 2019

no as per sec 17(5) you cannot claim credit unless your firm is in the business of sale and purchase of car or run car as a training centre

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 18 July 2019

Yes... I agreed to Mr CA ABHAY GUPTA...

Siva Raj (358 Points)
Replied 19 July 2019

if that car is used for dropping night shift women to home( that means mandatory by law means you can avail ITC)

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