Question 23 - A Taxable person is in the business of information technology. He buys a motor vehicle for use of his Executive Directors. Can he avail the ITC in respect of GST paid on purchase of such motor vehicle?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 10 Input Tax Credit
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Input tax credit on motor vehicles disallowed for non-transport businesses; available only for transport or driver training activities. Input Tax Credit on motor vehicles purchased by a business for use by executives is not available unless the taxable person is engaged in transport of ... Summary
Input tax credit on motor vehicles disallowed for non-transport businesses; available only for transport or driver training activities.
Input Tax Credit on motor vehicles purchased by a business for use by executives is not available unless the taxable person is engaged in transport of passengers or goods or in providing motor vehicle training; mere business use by executives does not confer eligibility.
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