can i claim gst on new car purchased fr company purpose
6 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 21 March 2018
YES U CAN , IF CAR IS FOR BUSINESS PURPOSES
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 March 2018
No sir , can't avail, credit is block under 17(5) for vehicle
Tatavarty Prakasarao
(132 Points)
Replied 21 March 2018
car is purchsing for managing director purpose .
on company name
is gst credit will get
on company name
is gst credit will get
PEP CONSULTANCY
(118 Points)
Replied 21 March 2018
If the motor car is purchased for transportation of goods, itc can be claimed. ITC cannot be claimed on purchase of vehicles for transportation of staff
ANIKET
(STUDENT)
(157 Points)
Replied 21 March 2018
if purchase for business used then u cant claim itc credit...if u r dealing in car business then u can clam itc on that
Mukesh Sikarwar
(Manager (Indirect Taxation))
(248 Points)
Replied 22 March 2018
If motor vehicle has purchased after 01.07.2017 than you can not claim ITC. (due to availment of cenvat credit restricted in Section 17(5)).
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