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BUYING A CAR INPUT INTO BUSINESS ENTITY REG
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....UYING A CAR INPUT INTO BUSINESS ENTITY REG<br> Query (Issue) Started By: - Vinay Badam Dated:- 14-6-2017 Last Reply Date:- 17-6-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Sirs, ....
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.... I am having a Business which is a Propieratory firm Usually I buy a car in my personal name show them in books of business accounts claim depreciation Now I am planning to buy a new car, After GST....
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.... comes into force Can i take the GST paid on the car back as input or not I have heard that we can claim GST paid on Electricity bills, Telephone bills and other Business expenses Please clarify my ....
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....Car query Thanks in advance Reply By Rajagopalan Ranganathan: The Reply: Sir, If the car is used in the course of furtherance of your business you can avail the credit. If it is for personal use y....
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....ou cannot avail the credit this true under GST law also. Reply By MARIAPPAN GOVINDARAJAN: The Reply: You can take input tax credit on electricity bills, telephone bills and other business expenses i....
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....f they are in the course or furtherance of your business. Reply By Himansu Sha: The Reply: Credit on vehicles is not allowed under section 17(5) of the gst act unless you are in the similar busines....
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