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TMI BlogBUYING A CAR INPUT INTO BUSINESS ENTITY REGX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sirs, I am having a Business which is a Propieratory firm Usually I buy a car in my personal name show them in books of business accounts claim depreciation Now I am planning to buy a new car ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , After GST comes into force Can i take the GST paid on the car back as input or not I have heard that we can claim GST paid on Electricity bills, Telephone bills and other Business expenses Please ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clarify my Car query Thanks in advance - Reply By Rajagopalan Ranganathan - The Reply = Sir, If the car is used in the course of furtherance of your business you can avail the credit. If it is fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r personal use you cannot avail the credit this true under GST law also. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You can take input tax credit on electricity bills, telephone bills and other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... business expenses if they are in the course or furtherance of your business. - Reply By Himansu Sha - The Reply = Credit on vehicles is not allowed under section 17(5) of the gst act unless yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u are in the similar business. - BUYING A CAR INPUT INTO BUSINESS ENTITY REG - Query Started By: - Vinay Badam Dated:- 14-6-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... um - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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