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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Replies (4)
Quick Summary
Are You transporter or travel agency...?
If Yes... Then You can claim ITC.
If Yes... Then You can claim ITC.
If it is used in the course or furtherance of business or for "Transportation of Passengers", then YES you can claim GST ITC.
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.
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
Even though you are in Tax Business but if you have opted for the 5% GST on FC cannot claim ITC
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