https://www.taxtmi.com/forum/issue?id=113252 ITC on motor vehicle insurance is generally disallowed under the GST exclusion for motor vehicles, but an exception applies where the vehicle is used for passenger transport as the taxpayer's business. Contributors differ in view: ITC is available if passenger transport is the nature of the business and the vehicle is used accordingly; where vehicle receipts are treated as other income or passenger transport is incidental, admissibility of credit is doubtful. Companies that treat vehicles as company assets may claim ITC on insurance and maintenance invoices. en-us Tue, 26 Dec 2017 22:01:30 +0530 Thu, 23 Jan 2025 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113252 ITC on motor vehicle insurance is generally disallowed under the GST exclusion for motor vehicles, but an exception applies where the vehicle is used for passenger transport as the taxpayer's business. Contributors differ in view: ITC is available if passenger transport is the nature of the business and the vehicle is used accordingly; where vehicle receipts are treated as other income or passenger transport is incidental, admissibility of credit is doubtful. Companies that treat vehicles as company assets may claim ITC on insurance and maintenance invoices. Discussion-Forum GST Tue, 26 Dec 2017 22:01:30 +0530 https://www.taxtmi.com/forum/issue?id=113252