if motor vehicle used in business.
but the ownership not in name of company..
can we claim ITC on that.......
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MOTOR VEHICLE REPAIR
Replies (8)
if individual business we can claim
If in the name of director then.....
separate legal entity exist so through some hiring agreement we can
no can't claim ITC , as per sec 17(5) Cgst,
yes if it is tempo, truck used for delivery of goods in that case ITC can be claim
yes if it is tempo, truck used for delivery of goods in that case ITC can be claim
lets say bike given to sales staff for Their visiting then....
Even though bike given to staff, u can't claim ITC ,
You can claim ITC on repairs of vehicle if it is in company's name. Since vehicle is in directors name you are not eligible for ITC credit
Sir , with due respect, As per section states itc cannot be avail IN RESPECT of motor vehicle
plz note the word 'in respect of' which I means anything related to , motor vehicle, like repair, insurance etc , so can't avail itc
plz note the word 'in respect of' which I means anything related to , motor vehicle, like repair, insurance etc , so can't avail itc
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