Madam/Sir,
We are private limited company, we had taken a rent a cab service from registered cab service provider with tax charged 12% , Cgst 6% and Sgst 6%.
Kindly advise regarding input credit on this case.
As per section 17(5)(b)(i) of the CGST Act, renting of motor vehicles is blocked credit , so you Can not claim input tax credit.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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