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ITC for car

yogesh (prop) (31 Points)

01 March 2024

Maruti Tour s CNG 1.2l 5mt Seating Capacity 5 CAN I CLAIM ITC IN GST for business rental for State mseb office,?

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10 Replies

sabyasachi mukherjee (27568 Points)
Replied 01 March 2024

Provided used for the purpose of business

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 01 March 2024

If the business is of touring and car is used for that purpose, then ITC will be available

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 02 March 2024

@ Rashmi Gandhi,

Can You elaborate with more details

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 02 March 2024

An ITC claim is available for purchasing passenger transport vehicles if the buyer is engaged in the following businesses -

Passenger transportation service/ cab service/ bus rental service/ lease service

Automobile retail shops, manufacturing establishments, and showrooms.

Driving schools

2 Like

sabyasachi mukherjee (27568 Points)
Replied 02 March 2024

Subject to provisions of Sec 17(5)

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 02 March 2024

Originally posted by : CA Rashmi Gandhi
	An ITC claim is available for purchasing passenger transport vehicles if the buyer is engaged in the following businesses -Passenger transportation service/ cab service/ bus rental service/ lease serviceAutomobile retail shops, manufacturing establishments, and showrooms.Driving schools

Can charge 5% GST...?

Can Avail the ITC with charging 5percent GST..???

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 02 March 2024

Why 5% , here 5 is seating capacity

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 02 March 2024

Originally posted by : CA Rashmi Gandhi
	Why 5% , here 5 is seating capacity

Please read my reply. Im not quote that seating capacity...

I just ask 5 percentage GST TAX...

How can avail ITC in this query...??

I don't know which based availability of ITC...

Sharath chandra (Accountant) (1227 Points)
Replied 03 March 2024

He needs to charge 12 percent to claim itc.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 03 March 2024

Originally posted by : Sharath chandra
	He needs to charge 12 percent to claim itc.

Yes You are exactly correct...

That's the matter...

(Again and Again I says we are professional. Don't react About points table... So, Don't give assumed replies. Will give better solution to query and Querist.

In case any doubts in query then we ask to querist for clarity...

This is only the good way...

My this reply is common, not for You dear.)