ITC ON NEW CAR PURCHASE

ITC / Input 4083 views 10 replies
purchase new car in prop.firm can IT Ç be claimed.if yes then on which . car price +road tax and insurance charges.
Replies (10)
ITC not available for the purchase of Car except it's related business activities
As per section 17(5) of CGST Act, input tax credit will not be available in respect of motor vehicles and other conveyances, except when

such motor vehicles or other conveyances are supplied further, or

used for transportation of passengers or giving training on driving, flying, navigating such vehicles or conveyances or

are used for transportation of goods.

Hence, if your firm does a business that falls under any of the categories mentioned above, it can claim the input tax credit.
thanks for advising
Welcome, you can claim as depreciation now on IT Act for the same, as you are not able to take ITC on the same.
Could you please give some more information on how it can be claimed under IT and how much % will be benefited to me
I have a car on uber as well as i have another tarding business. So may i claim input on purchase of car?

Yes, ITC can be availed as the car is used for carrying passengers.

is there any supporting judgement?

I will purchase new car 7 sea-tar for business purpose can i take ITC
Originally posted by : venkat
I will purchase new car 7 sea-tar for business purpose can i take ITC

No... Except it's to related business or Transporting


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