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ITC ELIGIBILITY ON CAR REPAIR BILLS

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..... Dear Experts, Shall we take ITC on Company's car repair bills. The car is owned by company We have pucca GST bill issued by repairer with our company GST numbers and other required details for ITC. - Reply By KASTURI SETHI - The Reply = You have all genuine docs but here is the question of admissibilty.Whether it is hit by Section 17(5) of CGST Act or not even after amedment w.e.f. .....

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..... from 1.2.19. Strings are attached for availment of ITC on repair of car. If ITC is not allowed on car/motor vehicle, it will not be allowed on repair of the same. You are to see whether the same is covered by Section 17(5)(a) (A)(B)(C) of CGST Act (exclusion clause). However, in my view ITC is not admissible. - Reply By CASusheel Gupta - The Reply = Generally ITC is not allowed on car repa .....

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..... ir bill. If ITC is for motor vehicle used for transportation of goods/passengers, ITC allowed CA Susheel Gupta 9811004443 - Reply By SAFETAB LIFESCIENCE - The Reply = Dear Experts, We received reply from two experts. We are not clear still. Ours is pharma company partnership firm and the car is used for pick up of staff including owners/partners. We do not know we are covered under u/s 17 .....

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..... 5 (5) or allied sections. We are not aware. Please clarify whether we are elegible for ITC on repair bills of company owned cars. We did not avail ITC on cars purchase value since no GST rules were there at that time of purchase of car. - Reply By CASusheel Gupta - The Reply = ITC on repair bill, insurance of car used for staff/owner is not allowed. CA Susheel Gupta 9811004443 - Reply B .....

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..... y KASTURI SETHI - The Reply = Dear Querist, Pl. peruse the legal definition/meaning of , Passenger , Passenger Car , Passenger Vehicle Can your employee be considered a passenger ? After this, things will be clear and you will be convinced. I stick to my reply. - Reply By Ganeshan Kalyani - The Reply = Input Tax Credit on car repair expense is not all .....

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..... owed. - Reply By RAMASAMYSHANMUGAM SARAVANAN - The Reply = If vehicle ITC ineligible then all other expenses related to the vehicle like, maintenance, insurance etc- INELIGIBLE - ITC ELIGIBILITY ON CAR REPAIR BILLS - Query Started By: - SAFETAB LIFESCIENCE Dated:- 26-4-2019 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, pers .....

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..... onal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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