repair and maintainance of car
harshik (Auditor) (64 Points)
14 September 2018
Do ITC credit can be claimed, do it is allowed to take ITC on repair and maintainance of car
16 Replies
Gopal Chandu
(Freelancer with intelligence agencies )
(113 Points)
Replied 14 September 2018
For repair and maintenance of car, the following websites should be consulted: a) Pepboys b) NAPA c) Autozone d) O'reillys e) Advanced Auto. All websites are american. Thoroughly professional.
CA Monika Motta
(Partner)
(1219 Points)
Replied 14 September 2018
it can be claimed now,but once proposed amendments are applicable ITC on repairs and maintenance cannot be taken
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 September 2018
No you cannot claim, thats why they have clarified the same in Ammended Act
Shivam RC
(Student)
(23683 Points)
Replied 14 September 2018
Agree with Pankaj Sir....
ITC on Repair and Maintainance of Motor Vehicle cannot be taken.
ITC on Repair and Maintainance of Motor Vehicle cannot be taken.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 September 2018
As per new ammended rules you can claim ITC on repairs of car
CA Parveen Jain
(Chartered Accountant )
(355 Points)
Replied 16 September 2018
| Originally posted by : CA Rashmi Gandhi | ||
 |
As per new ammended rules you can claim ITC on repairs of car |
 |
As per new amendment, ITC on repair & maintenance has been clearly disallowed
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 September 2018
What about/is in the new amendment if it's applicable...?
Can anyone give the details with Amendment...?
CA Parveen Jain
(Chartered Accountant )
(355 Points)
Replied 16 September 2018
check section 17 (5) clause ab
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 September 2018
| Originally posted by : CA Parveen Jain | ||
|
check section 17 (5) clause ab | |
Thank You for the reply Sir.,
Please give the details for the Amendment....
CA Parveen Jain
(Chartered Accountant )
(355 Points)
Replied 16 September 2018
Amendment in Section 17 by CGST (Amendment) Act, 2018 dated 29.08.2018
The above debate has come to end with the amendment in section 17(5) of CGST Act. The amended version of the section is as below:
"(5) Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following, namely:—
(a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—
(A) further supply of such motor vehicles; or
(B) transportation of passengers; or
(C) imparting training on driving such motor vehicles;
(aa) vessels and aircraft except when they are used––
(i) for making the following taxable supplies, namely:—
(A) further supply of such vessels or aircraft; or
(B) transportation of passengers; or
(C) imparting training on navigating such vessels; or
(D) imparting training on flying such aircraft;
(ii) for transportation of goods;
(ab) services of general insurance, servicing, repair and maintenance in so far as they relate to motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa):
Provided that the input tax credit in respect of such services shall be available—
(i) where the motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa) are used for the purposes specified therein;
(ii) where received by a taxable person engaged—
(I) in the manufacture of such motor vehicles, vessels or aircraft; or
(II) in the supply of general insurance services in respect of such motor vehicles, vessels or aircraft insured by him;"
From the above amended section, it can be seen that a new clause [i.e. clause (ab)] has been inserted which specifically puts a restriction on availing input credit of GST on repair and maintenance, insurance and servicing of cars or motor vehicles. The credit is available only when the vehicle is being used for any of the below three purposes.
(A) used for further supply of such motor vehicles; or
(B) used for transportation of passengers; or
(C) used or imparting training on driving such motor vehicles;
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 16 September 2018
@ Dear Raja ji
The applicability of provsion of ammended Act is only when the CBEC notify it by issuing notification & till date there is no notification in this regard
The applicability of provsion of ammended Act is only when the CBEC notify it by issuing notification & till date there is no notification in this regard
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 September 2018
| Originally posted by : Pankaj Rawat | ||
|
@ Dear Raja ji The applicability of provsion of ammended Act is only when the CBEC notify it by issuing notification & till date there is no notification in this regard | |
Thank You for the Detailed My Dear Pankaj Rawat Ji...
Yes Dear., I'm waiting for the Issuance of Notification and "With ANY availability of ITC for the Above said Details...!!!"
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