Input tax credit

This query is : Resolved

N V RAGHAVA REDDY (Querist)
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19 August 2018 SIR APSRTC(TRANSPORT CORPORATION OF AP STATE) IS PURCHASING BUSES TO DO BUSINESS OF TRANSPORTING PASSENGERS AND GETTING INCOME. APSRTC IS PAYING GST ON PURSHASE OF BUSES AND SPARE PARTS FOR BUS REPAIRS and paying GST on purchases, APART FROM TRANSPORT BUSINESS Apsrtc is also renting its vacant sites in bus stations for stalls for getting income and collecting GST .Can apsrtc avail input tax credit while remmitting gst to govt(gst collected minus gst paid ) on the ground that buses are using for furtherance of business including renting vacant sites.
KIND EXPERT OPENION IS REQUESTED,
N V RAGHAVA REDDY CA
FINANCIAL ADVISOR
APSRTC
nvrapsrtc@gmail.com

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 August 2018 As GST not applicable on non AC transport input tax credit on bus purchase and spares purchase can't be claimed against rental GST payment.
ITC can't be claimed on input related to exempt service.

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