ITC on Car Insurance

ITC / Input 454 views 5 replies
Can we take credit of car insurance ?
Replies (5)
you cannot take, but the car purchased for providing services to woman employees (mandatory by law) u can take, Eg. night shift dropping facility to woman employees.
You take credit for period up to 31.01.2018 as there is no specific restriction u/s 17(5). After implementation of GST amendment act 2018, i.e. w.e.f 01.02.2019, you can not take credit , Sec 17(5)(ab).

Proviso given u/s 17(5)(b) not applicable to Sec 17(5)(ab). It means no credit available even though it is obligatory under any law.

No credit available after 01.02.2019

Agree with Mr. Haresh Patel's opinion.

If the car is for business purpose, then you can claim itc

Originally posted by : Siva Raj
you cannot take, but the car purchased for providing services to woman employees (mandatory by law) u can take, Eg. night shift dropping facility to woman employees.

 


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