mahesh chitpur (nothing) (59 Points)
12 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 13 April 2021
| Originally posted by : mahesh chitpur | ||
 |
whether itc is available on repair & maintenance of vehicles used for business purposes & also itc insurance of vehicles |  |
Such input tax credits (even if used for business purpose) are specifically disallowed u/s 17(5) of CGST Act unless you are into the following:
i. Further supply of motor vehicles
ii. Transportation of passengers
iii. Imparting training on driving of such motor vehicle
iv. Imparting training on navigating / flying such vessels or aircraft
v. Transportation of Goods
For more details, refer section 17(5) of CGST Act.
manoranjan Verma
(2 Points)
Replied 31 December 2024
repairinf charge on more then 13 seeter bus we have taken input claim or not
CAclubindia
