Sir/Madam,
Can we cliam gst input on insurance premium paid for Director's Car which is purchased in the name of the Company... or will it get affected under 17(5) as blocked credits?
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ITC on car insurance premium paid
Replies (4)
only if the car is in company's name and used for business purpose only, ITC can be claimed
Thank you Sir..
generally firm purchases car in the name of Partner. whether input available?
no it should be in firm name to claim itc
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