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ITC Refund on Vehicles

This query is : Resolved 
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(Querist)
09 September 2021 Dear Sir,

My business is provide vanity van to film industry on rental basis. I Purchase 4 new Vanity Van which ITC reflected in my GST Credit ledger. Can I apply for refund of this ITC.
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
10 September 2021 Are you not paying GST on rental income?
If yes, and if you have excess ITC due to inverted duty structure (i.e. rate of GST on inputs more than that on outputs), then you may apply for refund.
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Devendra

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Devendra (Querist)
11 September 2021 Thanks for ur reply, but can gst refund of Fixed Assets ITC are allow
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