Goods and Services Tax

car repair and car insurance

Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 14-8-2018 Last Replied Date:- 7-9-2018 – whether itc on car repair and car insurance available to a business concern – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 16 (1) of CGST Act, 2017 every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person. According to Section 17 (5) (a) of CGST Act, 2017 Notwithsta

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– Reply By satbir singhwahi – The Reply = Sirpls give if any circular – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = The advice given by Shri Renganathan is sufficient. – Reply By satbir singhwahi – The Reply = SirIs there any circular recently that says car repair and car insurance not available.Pls guide. – Reply By Rajagopalan Ranganathan – The Reply = Sir,Circular will be issued only to clariffy any ambiguity arising out of legal provisions. Here the law is very clear and hence no circular is required to be issued. As far as my knowledge goes there is no circular issued by CBIC on this matter. – Reply By Himansu Sekhar – The Reply = If the car is for business purpose itc is available.I amend my view. – Reply By Ganeshan Kalyani – Th

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– The Reply = Thank you Mr Ganeshan for the clarification. If the repair and insurance service is paid by the business concern for business purpose it is allowed, If paid by the business concern for personal consumption not allowed in terms of Section 17(5) (g). Regards S.Ramaswamy – Reply By alok saxena – The Reply = SirHow it clear that car use in person or Business work .once car use only pick & drop to resi to work place and rest time use in Business work and holiday and weekly off day use in personal work. than what status. – Reply By Ramaswamy S – The Reply = After the amendment in Section 17 of CGST Act effective 29th Aug 2018, no credit allowed on repair and insurance of car even if used for business with exception as specified

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