banner_ad

Input tax credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details