ITC on JCB (excavator) purchased for earning Hire Charges of Same.
This query is : Resolved
Quick Summary
Manohar Wyapari
(Querist)
09 February 2023
Sir, We have purchases JCB can we claim its ITC . We are Giving JCB on Rent & Charging GST on Such HIre Charges. Please Help Thank You
CA R SEETHARAMAN
(Expert)
09 February 2023
Yes, ITC can be claimed consider it as business.
CA Altamush Zafar
(Expert)
10 February 2023
Since your outward service is taxable you can claim ITC on JCB
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