Credit on Repair of Company Car & Its Insurance, Goods and Services Tax - GST

[POLYPLEX CORPORATIONLTD.]

Dear Expert

Can we take GST Credit on Repair of Company Vehicle & also for insurance of that vehicle?

The bill is in name of company and GST number is also mention.

This vehicle is used for transporation of our employee to other unit of company.

Thanks

Sarvesh Bansal

Posts / Replies

[SHIVKUMAR SHARMA]

No, You can not take GST Credit on Repair of Company Vehicle & also for insurance of that vehicle.

Which is used for transporation of your employee to other unit of company .

[MARIAPPAN GOVINDARAJAN]

Whether it is not available even if it is for complying with the statutory obligation?

[Himansu Sekhar]

You can take the credit on repair and insurance of vehicle. Sec. 17(5) is not a bar.

[Ganeshan Kalyani]

Credit is ineligible on motor vehicle . Repair and insurance is not specifically given. However, this credit is subject to audit query.

[Himansu Sekhar]

This question has been answered in the tweets and credit is allowable.