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ITC CREDIT

ITC / Input 367 views 4 replies
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9 Points Posted on 05 January 2020
Sir/Madam,
A commercial car for use taxi purposes have been purchased in the name of gst registered firm and the 28% GST have been paid and ses3%.
Can i get 28%gst as ITC...
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On 05 January 2020 at 17:57 Report
Replies (4)
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"Do the Right Thing...!!!"
128147 Points Posted on 05 January 2020
Are You transporter or travel agency...?

If Yes... Then You can claim ITC.
463 Reply
On 05 January 2020 at 18:38
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Student
23688 Points Posted on 05 January 2020
If it is used in the course or furtherance of business or for "Transportation of Passengers", then YES you can claim GST ITC.
97 Reply
On 05 January 2020 at 20:28
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Working at Private Company
8637 Points Posted on 05 January 2020
Taxi purposes means if you are earning revenue and charging GST on the same then eligible for ITC otherwise no ITC even if use for goods.
8 Reply
On 05 January 2020 at 20:32
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GST Practitioner
55067 Points Posted on 06 January 2020
In addition to above replies.
Even though you are in Tax Business but if you have opted for the 5% GST on FC cannot claim ITC
301 Reply
On 06 January 2020 at 00:06


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