Eligibility of GST ITC Credit
This query is : Resolved
22 November 2019
We request your expert opinion for the eligibility GST ITC credit for the following :
Whether GST ITC credit van be taken for a rent a cab service which is charged @ 5% in invoice ( under forward charge) by taxi operator. I request for this clarification before the notification dated 01.10.2019 for payment under RCM by body corporate as service receiver.
Whether GST ITC credit van be taken for a rent a cab service which is charged @ 5% in invoice ( under forward charge) by taxi operator. I request for this clarification before the notification dated 01.10.2019 for payment under RCM by body corporate as service receiver.
22 November 2019
ITC not available for 5% GST.
09 December 2019
ITC can not claim on rent a cab unless the service is mandatory as per any law (e.g.cab service providing for night shift women employees etc).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- LIC Annuity received under Jeevan Akshay Scheme
- In Exports Sales HSN details where to fill
- Form 10BD Filling
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
