Скачать или смотреть GST Claim | GST on Car Purchase | Credit Claims for dealership, Driving School | In Tamil |

In most cases, you cannot claim GST credit on the purchase of a car under Indian GST law. However, there are certain exceptions where input tax credit (ITC) on the purchase of a car is allowed. Here are the key conditions under which you can claim GST credit on car purchases:

1. Car Used for Further Supply
If the car is purchased for the purpose of further supply (e.g., if you are in the business of selling cars or leasing them), you can claim GST credit on the car purchase.
2. Car Used for Transportation of Goods
If the car is used for the transportation of goods, you may claim ITC. This applies typically to commercial vehicles rather than passenger cars.
3. Car Used for Providing Transportation Services
If the car is used for providing transportation services (e.g., if you are running a taxi service, a ridesharing business, or a similar business), you can claim GST credit.
4. Car Used for Training Purposes
If the car is purchased to provide training on driving or for other educational services, ITC may be claimed.

General Rule (Blocked Credit):
For most businesses, the input tax credit on motor vehicles is blocked under Section 17(5) of the CGST Act, 2017, unless it fits into one of the exceptions listed above.


For all your financial queries... Reach us at
[email protected] 💌
WhatsApp: 99763 72162

Enjoy the Video till end.
Do Subscribe, Share, Like and comment.
/ @taxwithsuriya
_____________________________________________________________
♥Like 👍 ♥ Share ♥ Subscribe ♥ Press 🔔
_____________________________________________________________

Disclaimer: our videos are for educational purposes only, we will not be responsible in any circumstances for any decision which you have taken after watching the content