ITC on Sports Bike

06 October 2022

Any person having income from online platform by videos / reels of travelling through bikes. Can he/ she claim ITC on sports bike purchase?

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3 Replies

Rajendra Prasad (Employee Private) (1867 Points)
Replied 07 October 2022

No, he is not eligible to avail ITC.

Rohit Sharma (4 Points)
Replied 07 October 2022

The nature of his business is related to traveling by bike. Still he cannot take ITC on the purchase of bike?

Rajendra Prasad (Employee Private) (1867 Points)
Replied 07 October 2022

Yes, because the ITC is restricted u/s 17(5) of GST Act.

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