https://www.taxtmi.com/manuals?id=1935 Section 17(5) CGST blocks Input Tax Credit on motor vehicles for carriage of persons with seating capacity up to thirteen, except where used for further supply of such vehicles, passenger transportation, or imparting driving training. Similar principles apply to vessels and aircraft-ITC is unrestricted for goods transport and conditional for passenger transport. Clause (ab) permits ITC on specified services (insurance, servicing, repair, leasing) where the underlying vehicle, vessel or aircraft qualifies for ITC or is the manufacturer's final product. CBIC clarifications govern demo vehicles, capitalization consequences, and insurer claim-settlement accounting for repair invoices. en-us Tue, 24 Jan 2023 17:22:00 +0530 Thu, 13 Mar 2025 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1935 Section 17(5) CGST blocks Input Tax Credit on motor vehicles for carriage of persons with seating capacity up to thirteen, except where used for further supply of such vehicles, passenger transportation, or imparting driving training. Similar principles apply to vessels and aircraft-ITC is unrestricted for goods transport and conditional for passenger transport. Clause (ab) permits ITC on specified services (insurance, servicing, repair, leasing) where the underlying vehicle, vessel or aircraft qualifies for ITC or is the manufacturer's final product. CBIC clarifications govern demo vehicles, capitalization consequences, and insurer claim-settlement accounting for repair invoices. Manuals GST Tue, 24 Jan 2023 17:22:00 +0530 https://www.taxtmi.com/manuals?id=1935