REGARDING AVAILABILITY OF ITC UNDER SECTION 17(5) FOR TRANSPORTATION OF PASSENGER SERVICES
This query is : Resolved
Quick Summary
16 June 2025
ITC can be availed on purchase of motor vehicle if vehicle is given on rent to corporate for transportation of employee and invoice is issued in the name of company?
And what if invoice directly issued in the name of passenger only?
And what if invoice directly issued in the name of passenger only?
17 June 2025
ITC is available for motor vehicles designed to carry more than 13 passengers (including the driver). This category typically includes buses used for public transportation or staff transportation by companies
ITC can't be availed in case of the invoice is in the name of the passenger.
ITC can't be availed in case of the invoice is in the name of the passenger.
17 June 2025
What about motor vehicles designed to carry less than 13 passengers (including driver) for transportation of passengers and invoice issued in the name of passenger directly?
17 June 2025
ITC can't be availed in such a case.
17 June 2025
Why it can't be claimed?
What is the condition for claiming ITC of motor vehicle in transportation of passenger services?
What is the condition for claiming ITC of motor vehicle in transportation of passenger services?
17 June 2025
See the link for blocked credit.
https://www.bajajfinserv.in/blocked-credit-under-gst#:~:text=Section%2017(5)%3A%20Lists,health%20insurance%20unless%20legally%20required.
https://www.bajajfinserv.in/blocked-credit-under-gst#:~:text=Section%2017(5)%3A%20Lists,health%20insurance%20unless%20legally%20required.
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