GST Section 17
Shubham Kulshrestha (student) (67 Points)
04 July 2018
Whether gst itc available on repair of motor vehicle?
2 Replies
ashish
(internship)
(27 Points)
Replied 04 July 2018
the word used in act is "in respect of" for sec 17(5)
means if vehicle is for goods transaport then on repairs itc will be available.
if it is for passenger...itc will not be available
means if vehicle is for goods transaport then on repairs itc will be available.
if it is for passenger...itc will not be available
Shubham Kulshrestha
(student)
(67 Points)
Replied 04 July 2018
Dear Ashish, the words used in the said section is "in respect of" & not "in relation to". Interpretation that you ve taken is where words "in relation to" are mentioned.
Secondly, the first point of sec 17 talks abt MV as capital goods. If lawmakers wanted to block credit wrt its repairs also, they should ve mentioned it in the 2nd point which covers inputs & input services.
Secondly, the first point of sec 17 talks abt MV as capital goods. If lawmakers wanted to block credit wrt its repairs also, they should ve mentioned it in the 2nd point which covers inputs & input services.
Recent Topics
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
Related Threads
CAclubindia
