hard20 pts · first answer countsgstinput-tax-credit

ITC on a car for a director

A manufacturing company buys a five-seater car for its managing director’s business travel. Can it claim input tax credit on the GST paid on the car?

A.Yes, because it is used for businessB.Yes, but only 50%C.No; ITC on motor vehicles for transporting persons with seating up to 13 is generally blocked unless used for specified purposes like resale, passenger transport or driving trainingD.Yes, if it is an electric vehicle

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ITC on a car for a director

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