Itc of gst paid on motorcar purchased by rent a car operator
This query is : Resolved
10 January 2019
Is rent a car operator eligible to take ITC of gst paid on motor car purchased to be used in same car renting business?
If yes, how to utilised ITC, 100% at a time or over a 60 months?
If yes, how to utilised ITC, 100% at a time or over a 60 months?
10 January 2019
Over 60 months provided GST charged more than 5%.
11 January 2019
ITC on motor vehicle is available, if such car is used for transportation of passengers as sec 17(5) of GST.
Is car renting services falls under transportation of passenger? Cause passenger transportation services is distinctly taxed under GST.
Is car renting services falls under transportation of passenger? Cause passenger transportation services is distinctly taxed under GST.
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