Dear advisor
can we claim GST on car insurance. kindly note the car is registered in company name. pls clarify.
NO SIR, you cannot claim car insurance itc nor can you claim its service or repair itc. its blocked.
Ramesh Rao (217 Points)
21 June 2019
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 21 June 2019
NO SIR, you cannot claim car insurance itc nor can you claim its service or repair itc. its blocked.
Madhur Bindal
(Account Officer)
(35 Points)
Replied 25 January 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 26 March 2020
ITC on car insurance , servicing , repair maintenance is ELIGIBLE if MOTOR VEHICLE used for the following purposes :
1. for transportation of GOODS
2. for transportation of PERSONS (sitting capacity > 13 )
3. Motor Vehicle used for the further supply
4. used for transportation of passengers
5. for training on driving
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
