With respect to above subject
Matter, our client is Contractor and have motor vehicles like Truck and Cars,
whether credit is available on Purchase of Spare Parts and Repairing & Maintenance
and on purchase of tyre tube of that vehicles.
per section 17(5) of CGST Act, 2017 input tax credit shall not be available in
respect of purchase of motor vehicles
and other conveyances except in few cases. But services in the nature of
repairs, insurance etc. for motor vehicles are not hit by the blocked credit
provisions contained in Section 17(5) of GST law and accordingly ITC for the
same is available provided these services are used in the course or furtherance
of business. Hence, the contractor is eligible to take ITC on the same.