Question ID :
38177
ITC of Motor Cycle Purchased
Dear sir,
We have purchased motor cycle for purpose of business will itc on it will be allowed to us. Since as per Motor vehicle act motor vehicle means, vehicle have less than four tyres and cubic centimeters less than 25. Since Motor Cycle is of 110 CC but having less than 4 tyres will itc be allowed
Posted by
VIPIN GUPTA
on
Jun 03, 2019
Filed Under
GST
No. It is covered under blocked credit.
Posted by
CA. chunauti dholakia on
Jun 03, 2019
Answer ID :
76729
ITC not available for motor cycle also.
Posted by
CA. VENKITARAMAN K V on
Jun 03, 2019
Answer ID :
76731
I do not find any such restrictions when you are in the business of dealing in vehicles. Please see the definition also
"“motor vehicle” or “vehicle” means any mechanically propelled
vehicle adapted for use upon roads whether the power of propulsion is transmitted
thereto from an external or internal source and includes a chassis to which a body has
not been attached and a trailer ; but does not include a vehicle running upon fixed rails
or a vehicle of a special type adapted for use only in a factory or in any other enclosed
premises or a vehicle having less than four wheels fitted with engine capacity of not
exceeding 4
[twenty-five cubic centimeters] ;
Posted by
SIVADAS CHETTOOR on
Jun 03, 2019
Answer ID :
76741
GST Credit For the purchase of Motor Cycle available But GST Credit with respect to Insurance is not available to the Tax Payer but Gst Credit with respect to the Commercial Vehicle is available with respect to the vehicle purchase and Insurance Service
Posted by
JIMIT DEVENDRABHAI SHAH on
Jun 04, 2019
Answer ID :
76771
not available u/s 17(5)
Posted by
CA JEET REWRI on
Jun 07, 2019