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Is renting/hiring an aircraft a blocked credit?
Can you claim credit for Chartered flight taken?
Replies (1)
No.
As per Section 17(5) of CGST Act 2017 ITC on renting/hiring can not be availed until you are in same line of business.
As per Section 17(5) of CGST Act 2017 ITC on renting/hiring can not be availed until you are in same line of business.
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