Blocked Credit Section 17 5 Blogs | GST Wale
Corporate Perks: Can a Company Claim ITC on GST in Car for Employees?
Understand gst in car rules, ITC eligibility, blocked credits, and employee use. Get expert GST guidance from GST Wale.
Providing a car to employees has become a common corporate benefit, especially for senior management, sales teams, and executives who travel frequently. However, one of the most common questions businesses ask is whether they can claim Input Tax Credit (ITC) on gst in car purchases or leases. The answer depends...
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A Legal Breakdown: Can You Claim Input Tax Credit on Personal Purchases via Business GSTIN?
Can you claim ITC on personal items using your GSTIN number? Learn the legal reality of business vs. personal expenses and how to avoid tax penalties.
Many business owners often ask me, "If I have a valid gstin number, why can’t I just put my personal grocery bills or family vacation expenses under my business accounts" It’s a tempting thought, but as a Chartered Accountant, I have to tell you that the taxman is much smarter...
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