Dear Sir /Madam,
we are partnership firm as well as we are taking input on Purchase of Raw matireal.
My query is .
recently My MD was bought New car in The company Name ..car invoice saying GST out put Tax.
here shall we take input claims and remain to be Paid GST portal ?
Dear Mr. Subramanyam,
ITC on motor vehicles can be claimed only if they are used for
- further supply of such vehicles or
- transportation of goods/ passengers or
- imparting training on flying, driving etc
i.e. outward supply shall be either of the above three so as to claim ITC. In all cases, ITC can not be claimed.
Hope it clears your doubt!
Regards
CA Aravind Penugonda
CAclubindia
