ITC Available On Motor Vechile
Anshul Belwal (78 Points)
16 March 2019
I purchasing Motor Cycle & Car purchased of Business purposes. I can avail ITC?
Anshul Belwal (78 Points)
16 March 2019
Deepak Gupta
(CA Student)
(15922 Points)
Replied 16 March 2019
Input tax credit shall not be available in respect of the following:
Amended Sec. 17(5)(a) w.e.f. 01.02.2019
motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—
(A) further supply of such motor vehicles; or
(B) transportation of passengers; or
(C) imparting training on driving such motor vehicles;
It means:
ITC relating to any vehicle with approved seating capacity of more than 13 persons (including driver) is eligible.
Further, ITC is allowed for vehicles, when they are used to make the following taxable supplies:
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(154 Points)
Replied 16 March 2019
RUPINI KOTHAMASU
(CA-JOB)
(502 Points)
Replied 16 March 2019
pritesh
(CA Final student)
(7101 Points)
Replied 16 March 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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