Input tax credit on Bus hire by Company for Employee

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Senior Accounts Officer
1548 Points Posted on 06 July 2021
सर
एक हेल्प कर दीजिए। हमारी कंपनी ने एक बस किराये पर ली हैं अपने employee के आने जाने के लिए। सर क्या कंपनी Itc ले सकती हैं ?
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On 06 July 2021 at 22:12 Report
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Quick Summary
This discussion clarifies whether a company can claim Input Tax Credit (ITC) on a bus hired for employee transportation. The consensus is yes, provided the bus has a seating capacity of more than 13 persons. This is permissible under Section 17(5) of the CGST Act.

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6 Points Posted on 07 July 2021
Yes you can take ITC
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On 07 July 2021 at 00:00
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Senior Accounts Officer
1548 Points Posted on 07 July 2021
Any references sir
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On 07 July 2021 at 00:17
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Sr. Finance Executive
261 Points Posted on 07 July 2021
Yes you can take ITC on renting of bus as it must have seating capacity of more than 13 person , which js allowed as per section 17(5) CGST Act
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On 07 July 2021 at 18:23

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