Hlo everyone please help me regarding cab service provider.
If I am taking a cab service and same I providing the service to company and customer so tell me what is the GST rate charging and can I claim ITC.
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Cab service provider
Replies (1)
subject to Sec:16 You can take input
As per section 17(5) of CGST Act, input tax credit will not be available in respect of motor vehicles and other conveyances, except when
such motor vehicles or other conveyances are supplied further, or
used for transportation of passengers or giving training on driving, flying, navigating such vehicles or conveyances or
are used for transportation of goods.
Hence, if your firm does a business that falls under any of the categories mentioned above, it can claim the input tax credit.
As per section 17(5) of CGST Act, input tax credit will not be available in respect of motor vehicles and other conveyances, except when
such motor vehicles or other conveyances are supplied further, or
used for transportation of passengers or giving training on driving, flying, navigating such vehicles or conveyances or
are used for transportation of goods.
Hence, if your firm does a business that falls under any of the categories mentioned above, it can claim the input tax credit.
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