input tax credit
Celin Benjamin Valliyil (34 Points)
12 March 2018I am planning to purchase a car...
can I get Itc benefit for this purchase?
Celin Benjamin Valliyil (34 Points)
12 March 2018
Srinivas Pyata
(543 Points)
Replied 12 March 2018
abhilash
(student)
(411 Points)
Replied 12 March 2018
you cannot claim ITC on car as you are engaged as contractor
Vinayak Hegde
(CA)
(154 Points)
Replied 12 March 2018
GST input can be claimed on all the input supply which is in furtherance of business. Therefore input can be claimed on the assumption that the same may be used for business purposes.
Srinivas Pyata
(543 Points)
Replied 12 March 2018
Rohitkhan
(BIMS)
(80 Points)
Replied 12 March 2018
Srinivas Pyata
(543 Points)
Replied 12 March 2018
venkata sai kumar
(chartered accountant)
(40 Points)
Replied 12 March 2018
ITC on motor cars and conveyances can't be claimed except
1. It has bought for supplying of goods
2. It is for transportation of passengers
3. It is for running a driving school
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