ITC on Car purchased for good supply

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Job
539 Points Posted on 17 August 2023

Hi

I am into providing advertising services to my client. At times for their events, I get the brochures, cards etc printed and send it to them. 

I am planning to purchase a  car which will also be used for transporting such printed materials to my clients. Can I claim ITC on car as the car will be used for supply of goods. 

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On 17 August 2023 at 15:42 Report
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Quick Summary
A business owner providing advertising services is asking if they can claim Input Tax Credit (ITC) on a car purchased for transporting printed materials to clients. The general rule is that ITC on motor vehicles is blocked. However, there's a suggestion that specific vehicles like a Mahindra Bolero, used with reduced seating capacity, might allow for ITC claims.

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Article Assisstant
233 Points Posted on 17 August 2023
Please refer to blocked credit for motor vehicle
1 Reply
On 17 August 2023 at 17:08
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Chartered Accountant
145 Points Posted on 18 August 2023
ITC not available for car
better to purchase Mahindra bolero with setting half capacity

then u can take ITC

hope its clerify

From
Rathore Tax Consultant
Delhi
Reply
On 18 August 2023 at 11:34

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