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

AI Summary

Debate on GST Credit Eligibility for Vehicle Repair and Insurance Under Section 17(5): Differing Expert Opinions Emerge A company inquired about the eligibility to claim GST credit on the repair and insurance of a company vehicle used for employee transportation. The responses varied: one expert stated that GST credit is not allowable for such expenses, while another argued that credit can be claimed as Section 17(5) does not prohibit it. Another response noted that credit on motor vehicles is generally ineligible, but repair and insurance credits are not explicitly mentioned, suggesting potential eligibility subject to audit. The discussion reflects differing interpretations of GST regulations regarding vehicle-related expenses.