my Firm Rgester Under Company Act
we are purchase New Car for Director transporting
my Query is we are Allow Claim ITC Purchase Car Invoice Tax or Not
kindly Guide me
,
No...
You can't claim ITC...
4 Replies
CMA Gul S
(Program Manager)
(5910 Points)
Replied 16 September 2017
Hello Mr Gaurav,
You cannot claim ITC...
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 16 September 2017
input tax credit restriction given in section 17 of cgst act. motor car input tax credit is not allowed in general but allowed in few specified conditions. please refer the section for more clarity.
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