Can we take itc on purchase of car in the name of company
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ITC on purchase of car
Replies (8)
Better to explain Your query...!
Which self use or any other travelling mode like travells business...?
Which self use or any other travelling mode like travells business...?
for the use of self
ITC is not allowed if used for personal purposes
No... ITC not available.
ITC is not available on personal use of any goods
Mr.pritesh car purchased for partly own use and partly official purpose how can I claim itc?
only for business purpose only the ITC will get claimed not for personal use
No ITC Will be claim even if it is used for business purpose. As per sec 17(5) , it is blocked credit unless the registered person is engaged int the business of car dealer or same line of business or for imparting training , driving business, or for tranportation of goods.
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