A Proprietorship Firm purchased a car valued Rs. 7 lac .
Query - GST Input can claime ?
3 Replies
sabyasachi mukherjee
(27579 Points)
Replied 04 May 2022
GST INPUT CAN BE CLAIMED ON THE CAR PROVIDED SEC 17(5) NOT EFFECTIVELY USED.
Kev Men
(788 Points)
Replied 04 May 2022
As per Sec 17(5)(1)(a), the general condition is that GST input cannot be claimed on the motor car.
GST input on motor car can be claimed if the motor car is purchased for further selling, or for transportation of passengers or for imparting driving training.
Assuming that the car is not purchased for the above exceptional purposes, GST input cannot be claimed in your case.
GST input on motor car can be claimed if the motor car is purchased for further selling, or for transportation of passengers or for imparting driving training.
Assuming that the car is not purchased for the above exceptional purposes, GST input cannot be claimed in your case.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 05 May 2022
No you cannot claim ITC , it's blocked under Section 17(5) with exception.
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
