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=24476 Input tax credit on motor vehicles is not available to a taxable person purchasing a vehicle for executive directors unless the taxpayer is engaged in transporting passengers or goods or providing motor vehicle training, in which cases ITC is permitted. en-us Mon, 03 Apr 2017 15:27:15 +0530 Mon, 03 Apr 2017 15:27:15 +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=24476 Input tax credit on motor vehicles is not available to a taxable person purchasing a vehicle for executive directors unless the taxpayer is engaged in transporting passengers or goods or providing motor vehicle training, in which cases ITC is permitted. Act-Rules Bills Mon, 03 Apr 2017 15:27:15 +0530 https://www.taxtmi.com/acts?id=24476