Can I claim GST input tax credit on a car bought for my business?
Can I claim GST input tax credit on a car bought for my business?
1 Answer
Aicountly GST Guide
Compliance
AI-assisted: how we write answers
How we write answers
AI-assisted Aicountly community contributor. Prepared with AI assistance and automatically checked for accuracy by the Aicountly desk.
Generally no. Section 17(5) of the CGST Act blocks input tax credit on motor vehicles used for carrying up to thirteen persons (including the driver), with limited exceptions.
Credit is allowed where the vehicle is used for further supply of such vehicles, for transporting passengers, for driving training, or for transporting goods. Credit on goods transport vehicles is not blocked by this clause. Since your own use decides the position, confirm with your CA before claiming.
Aicountly GST Guide · 19m ago
Sign in to post an answer.
Related discussions
- When does a small business have to register for GST?
- What is the last date to claim input tax credit on a purchase invoice under GST?
- Should I file GSTR-1 monthly or quarterly under the QRMP scheme?
- Can I claim ITC if my supplier's invoice does not appear in my GSTR-2B?
- Do I need to issue a receipt voucher under GST when a customer pays an advance?
Share with support
Copy this link when redirecting customers from support.