GST ITC as per notification 12/2023- central tax
This query is : Resolved
MJ PRO SEVA HUB
(Querist)
26 October 2026
Company rent-a-car provider with 5% billing. My question is if I took the service from a vendor with 18% GST, can I claim full ITC or only 5% ITC claim.
If only 5%, then a 13% company loss?
If only 5%, then a 13% company loss?
26 October 2026
If you bill your client at 5% GST for rent-a-car services, and your vendor charges you 18% GST for the same underlying service, you can only claim ITC up to 5%. The remaining unclaimable portion is not eligible for credit and acts as an unrecoverable cost to your company.
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