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New vehicle purchase ITC

ravee chand (B.Com) (59 Points)

02 February 2019

hi our one of our partner purchased new vehicle in the name of his name not a company name shall account this and can I claim itc. please clarify this

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13 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 February 2019

No,... ITC cannot be claim its block u/s 17(5) & also cannot show under firm Account as its not in the name of firm

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Shivam RC (Student) (23683 Points)
Replied 03 February 2019

No....

ITC u/s 17(5) of the CGST Act 2017 is Blocked on Purchase of Motor Vehicles.

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ravee chand (B.Com) (59 Points)
Replied 03 February 2019

but gst no mentioned in bill what can I do?

prakin singhal (314 Points)
Replied 03 February 2019

No ITC is on purchase of motor vehicle is blocked u/s 17(5), and if you are trading concern of automobile sector than you can avail ITC of the Motor Vehicle. In case no GST number is mentioned on invoice, you cannot take credit of it as the bill is not consider as valid evidence as it is not proper and ITC relating to goods is also not displayed in your GSTR-2A. So, considering all this you cannot avail ITC.

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 03 February 2019

Dear Ravee

If the GSTN of firm is mention in Bill then show it under table 4 row "all other ITC " & at the same time Report it under Row Reversal u/s 17(5)

As the supplier has raise you the B2b invoice which is going to be reflected in your 2a , hence Report it in 3b as mention above .

Note : Yes you can book it firm as the bill is in name of firm , claim depreciation on vakue before GST (Tax)

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Vinod Babu (24191 Points)
Replied 03 February 2019

If vehicle purchased in name of person, it will be treated as personal use. So No way to claim ITC.

pritesh (CA Final student) (7101 Points)
Replied 04 February 2019

No you cannot claim itc as per section 17(5).

ravee chand (B.Com) (59 Points)
Replied 04 February 2019

Sir but our company gst no mentioned in bill

Pawan Agrawal (94 Points)
Replied 04 February 2019

मोटर विहिकल पर इनपुट टैक्स क्रेडिट केवल उन लोगो को मिल सकता हे जो मोटर विहिकल का व्यापार करते हो या उसका उसे ट्रांसपोर्ट मे यूज करते हे और कोई इसका क्लेम नही कर सकता भले ही बिल पर आपका gst नम्बर पड़ा हो।