Fri Dec 01 2023

37

I have a personal GST number in 2012 had terrible car accident 2021 settlement 500000 lawyer charged 30 percent can I get GST back personally from my lawyer Regards Dave

Fri Dec 01 2023

0

Car is categorised as personal goods and ITC on the same is blocked by Section 17(5) of the CGST Act 2017. Section 17(5) ab is given below-

17(5) Notwithstanding anything contained in sub-section (1) of section 16 and sub-section (1) of section 18, input tax credit shall not be available in respect of the following, namely:-

(ab) services of general insurance, servicing, repair and maintenance in so far as they relate to motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa):

Since the insurance is covered under the above section. ITC is not available on any related goods or services.

Disclaimer: All the information on this website is published in good faith and for general information purpose only. Any action you take upon the information you find on this website (gstdoctor.com), is strictly at your own risk.