ITC on Bike Purchase On Firm Name
Ayush Jaiswal (26 Points)
19 January 2021
Hi, can I take credit of 28% /18% gst which I am getting by purchasing of bike worth 2,21,000.00.Plead help me
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 January 2021
No. As per Section 17(5) , ITC on vehicle is blocked.
mayur sharma
(133 Points)
Replied 19 January 2021
No ITC can not be claimed as per 17(5).the same is blocked.
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 19 January 2021
As per provisions of cgst act is blocked under section 17 subsection 5.
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