GST on new car puchased
rajneesh (self employed) (93 Points)
24 May 2018
treatment of GST on new car purchased
6 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 May 2018
NO INPUT ON NEW CAR
ITC is not available for motor vehicles and conveyances.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 May 2018
EXCEPT
a) Supply of other vehicles or conveyances
b) Transportation of passengers
c) Imparting training on driving, flying, navigating such vehicle or conveyances
d) Transportation of goods
Chandresh Bardia
(Corporate Laws and Indirect Tax (GST) Consultant )
(51 Points)
Replied 24 May 2018
Capitilised whole amount of Car(Including GST) and claim Depreciation for all cases Except which define in section 17(5) as follows;
a) Supply of other vehicles or conveyances b) Transportation of passengers c) Imparting training on driving, flying, navigating such vehicle or conveyances d) Transportation of goods
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 24 May 2018
NO INPUT ON NEW CAR
ITC is not available for motor vehicles and conveyances.
EXCEPT
a) Supply of other vehicles or conveyances
b) Transportation of passengers
c) Imparting training on driving, flying, navigating such vehicle or conveyances
d) Transportation of goods
ITC is not available for motor vehicles and conveyances.
EXCEPT
a) Supply of other vehicles or conveyances
b) Transportation of passengers
c) Imparting training on driving, flying, navigating such vehicle or conveyances
d) Transportation of goods
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