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.
3 Replies
Madhur Bindal
(Account Officer)
(35 Points)
Replied 25 January 2020
No, you can't claim the get on car insurance if your nature of business is not of hiring & plying the cars....Kindly read the negative list of GST Eligible ITC
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
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