ITC CLAIM
Ram Kumar Baghel (32 Points)
30 April 2018
Can we claim ITC in GST if we buy a car in a company account?
2 Replies
sheik javid
(student)
(281 Points)
Replied 30 April 2018
Under section 17(5) of GST act . You can cannot claim ITC for vehicle even it is ultimately used for purpose of business. If your business relates to Transportation of passenger and goods you can claim
Rahul Prajapati
(Student)
(2282 Points)
Replied 30 April 2018
Section 17(5) of the Central Goods and Services Act, 2017 provides that input tax credit in respect motor vehicles shall not be available except when they are used-
(i) for making the following taxable supplies, namely-
(A) further supply of such vehicles or conveyances; or
(B) transportation of passengers; or
(C) imparting training on driving, flying, navigating such vehicles or conveyances;
(ii) for transportation of goods;
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
