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Input tax credit

Goods and Services Tax - Started By: - DK AGGARWAL - Dated:- 3-10-2017 Last Replied Date:- 7-10-2017 - SirPlease confirm if ITC is allowed on Car repair expenses like change of tyres, change of battery etc when the car is registered in name of compan .....

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tomers as sales promotion.D K Aggarwal - Reply By KASTURI SETHI - The Reply = Not allowed in both cases. - Reply By PAWAN KUMAR - The Reply = In first case, since you are not using car in your outward taxable supplies hence all expenses related to th .....

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se the views of Shri Kasthuri. - Reply By Himansu Sekhar - The Reply = 1. Repair and maintenance charges of cars is allowed as ITC.2. ITC on the goods used for gifts is not allowed as the supplies are without considerations. - Reply By KASTURI SETHI .....

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ars are used for furtherance of business. The vehicles are restricted for the ITC. But the services like repairs and maintenance are not restricted under sec. 17(5). Also I have come across many tweets clarifying vsuch position. - Reply By Himansu Se .....

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y By KASTURI SETHI - The Reply = In this situation ITC is not allowed even it is in the course of or for furtherance of business. When any goods are in the exclusion clause, the phrase In the course of or for furtherance of business has no relevance .....

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steel structural credit from 2009 was not eligible, but input services for erection of strtucturals were allowed up to 1.4.11 when rules spercificaslly denied the credit. In the instant situation input service credit is not deniable as section does n .....

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tained in sub-section (1) of section 16 and subsection (1) of section 18, shall not be available in respect of the following, namely:- (a) motor vehicles and other conveyances except when they are used- (i) for making the following taxable supplies, .....

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line of it says that notwithstanding anything contained in Sub-section 1 of Section 16....... shall not be allowed in respect of the following...... Section 16(1) speaks about availability of on goods or services or both used for furtherance of busin .....

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