ITC on Motorbike Purch for company
vikram kerekar (1244 Points)
25 February 2019
Can I claim ITC for motorbike purchased in my company's name used for business purpose?
4 Replies
Moneesh Nair
(0)
(609 Points)
Replied 25 February 2019
it is a blocked credit hence you cannot avail itc
M.M Sachora
(Tax Professional & Advisor)
(1421 Points)
Replied 25 February 2019
As per Section 17(5) CGSG Act, 2017 for ineligible ITC Following are considered
NO.. itc can NOT be availed on motor vehicle
except
vehicle purchase for resale as retailer
for the transportation of employees
for the transportation of goods (gta)
for use of training / plying etc
NO.. itc can NOT be availed on motor vehicle
except
vehicle purchase for resale as retailer
for the transportation of employees
for the transportation of goods (gta)
for use of training / plying etc
Shivam RC
(Student)
(23683 Points)
Replied 26 February 2019
As per the Provision of Section 17(5) of the CGST Act 2017, INPUT TAX CREDIT ( ITC ) is Blocked on purchase of Motor Vehicles.
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