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can we claim ITC on gst paid for purchase of motar vehicle which would be given on hire
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.
Replies (6)
Yes you can take the credit of invoice but subject to if you collecting the charges on full rate i.e. 18% from customer.
companies business is security service then how is it providing motor vehicle on hire?
yes you can take input take credit
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
No,,,,car insurance new car purchase ,,not eligible for itc,,,,
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
what do you say do we need to have the bussiness itself tranportation
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