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input of car lease in company

This query is : Resolved 
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(Querist)
14 January 2018 If a company takes car on lease finance basis can it claim itc of gst paid on lease rentals to the financer...? This car will be used for directors and other business delegates....
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RAJA P M

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RAJA P M (Expert)
14 January 2018 As per my view., No... We can't claim ITC...
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Sarita

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Sarita (Querist)
14 January 2018 sir comapny is deducting hire charges @12% gst from the remuneration of person using car... will it not fall under the category of 'supply' of similar nature i.e taking on lease and made available to use in lieu of hire charges...sec 17(5)(b)(iii)(B)....
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Udaya Chandran

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Udaya Chandran (Expert)
16 January 2018 ITC is not available in this case.
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