Credit on Repair of Company Car & Its Insurance

[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

[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 .

[DR.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.

AI Summary

Input tax credit on motor vehicle repair and insurance: eligibility depends on characterization of expenses and supporting business-use proof.
Whether input tax credit is allowable on repair and insurance of a company-owned motor vehicle used for employee transport where invoices name the company and show its GSTIN; forum responses conflict, with one view denying credit as ineligible on motor vehicle expenses, another asserting Section 17(5) is not a bar and credit is claimable, and a caution that any claim may attract audit queries requiring documentary proof of business use.