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?

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? https://www.taxtmi.com/acts?id=22368 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. en-us Thu, 22 Sep 2016 16:55:44 +0530 Thu, 22 Sep 2016 16:55:44 +0530 TaxTMI RSS Generator 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? https://www.taxtmi.com/acts?id=22368 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. Act-Rules Bills Thu, 22 Sep 2016 16:55:44 +0530 https://www.taxtmi.com/acts?id=22368