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can we claim ITC on gst paid for purchase of motar vehicle which would be given on hire

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62 Points Posted on 31 January 2019
can a company whose bussiness is security services claim ITC on gst paid for purchase of motar vehicle which is to be given on hire.
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On 31 January 2019 at 16:38 Report
Replies (6)
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Student CA Final
22 Points Posted on 31 January 2019
Yes you can take the credit of invoice but subject to if you collecting the charges on full rate i.e. 18% from customer.
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On 31 January 2019 at 16:53
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Chartered Accountant
412 Points Posted on 31 January 2019

companies business is security service then how is it providing motor vehicle on hire?

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On 31 January 2019 at 23:15
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CA
3430 Points Posted on 01 February 2019
yes you can take input take credit
5 Reply
On 01 February 2019 at 00:12
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62 Points Posted on 01 February 2019
It is group company of port which is a security services pvt ltd but it gave some vehicles to the main company i.e port company ltd
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On 01 February 2019 at 08:33
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Accountant
46 Points Posted on 01 February 2019
No,,,,car insurance new car purchase ,,not eligible for itc,,,,
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On 01 February 2019 at 20:24
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62 Points Posted on 01 February 2019
but the motar vehicle is generating revenue as we gave it hire where it will be used for transportation...so since there is output we can take input i guess...
what do you say do we need to have the bussiness itself tranportation
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On 01 February 2019 at 20:38


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