DEBASHIS Maji (12 Points)
08 October 2023Sir,
I am used to supply labourers in various registered company and raised tax invoice with gst and file gst return regularly. Now my question is can I take input tax credit on car insurance purchased in the name of my firm, and also for item which I purchased in my firm name, please sir give reply
Suresh Jain
(7 Points)
Replied 08 October 2023
You are eligible to take ITC on the GST paid by you subject to provisions of section 16 and 17 etc of CGST Act. No credit is available in your case on Car insurance.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 08 October 2023
Suresh Kumar
(Account)
(403 Points)
Replied 08 October 2023
In your case, ITC on Car Insurance is cannot be availed due to section 17 (5)(a)(ab) of CGST Act
sabyasachi mukherjee
(27595 Points)
Replied 09 October 2023
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 October 2023
| Originally posted by : sabyasachi mukherjee | ||
 |
Yes you can use firm name provided you hv a separate pan |  |
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