Gst on premium paid for vehicle insurance

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Dear SIr/ Ma'm

 

A client of mine has been running a business (Propritory Ship) under the name HYDERABAD AGENCIES. he is filing the returns of Hyderabad Agencies under the his Name XYZ. Recently he had puchased a car on his name XYZ and paid Car Insurance. 

Can he avail ITC on the Car Insurance paid?

 

Replies (1)
No as per section 17(5) of CGST Act all the credit in respect of motor vehicles and other conveyance.


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