| ITC in case of Bus Leasing | ||||||||||
| Descripttion | Company A is giving Buses on lease to Company B without operators(Without drivers/Conductors) | |||||||||
| and charged GST 18% on lease amount. | ||||||||||
| Now Company B wants to claim the ITC of Tax paid to Company. | ||||||||||
| Confusion | Can Company B claim the ITC because it has been taken buses on lease without operators? | |||||||||
| Q | Is lease of Bus mandatory with operators to claim the ITC??? | |||||||||
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GST ITC in case of Bus Leasing
Replies (4)
ITC is not available for Motor vehicles used to transport persons, having a seating capacity of less than or equal to 13 persons (including the driver)
Yes it is hold good
Offcourse assuming that the bus seating capacity is more than 13 person (including Driver) ,hence ITC is available.
Seating capacity more than 13 persons
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