ITC for car

Maruti Tour s CNG 1.2l 5mt Seating Capacity 5 CAN I CLAIM ITC IN GST for business rental for State mseb office,?
Replies (10)
Quick Summary
This discussion clarifies the eligibility for claiming Input Tax Credit (ITC) on passenger vehicles under GST. Generally, ITC is available for businesses involved in passenger transport, car rentals, automobile sales, or driving schools. The rate of GST charged on the vehicle's supply is crucial; charging 12% GST is often required to avail ITC, not 5% based on seating capacity.

Provided used for the purpose of business
If the business is of touring and car is used for that purpose, then ITC will be available
@ Rashmi Gandhi,

Can You elaborate with more details
An ITC claim is available for purchasing passenger transport vehicles if the buyer is engaged in the following businesses -

Passenger transportation service/ cab service/ bus rental service/ lease service

Automobile retail shops, manufacturing establishments, and showrooms.

Driving schools
Subject to provisions of Sec 17(5)
Originally posted by : CA Rashmi Gandhi
An ITC claim is available for purchasing passenger transport vehicles if the buyer is engaged in the following businesses -Passenger transportation service/ cab service/ bus rental service/ lease serviceAutomobile retail shops, manufacturing establishments, and showrooms.Driving schools

Can charge 5% GST...?

Can Avail the ITC with charging 5percent GST..???

Why 5% , here 5 is seating capacity
Originally posted by : CA Rashmi Gandhi
Why 5% , here 5 is seating capacity

Please read my reply. Im not quote that seating capacity...

 

I just ask 5 percentage GST TAX...

How can avail ITC in this query...??

 

I don't know which based availability of ITC...

He needs to charge 12 percent to claim itc.
Originally posted by : Sharath chandra
He needs to charge 12 percent to claim itc.

Yes You are exactly correct...

That's the matter...

 

(Again and Again I says we are professional. Don't react About points table... So, Don't give assumed replies. Will give better solution to query and Querist.

In case any doubts in query then we ask to querist for clarity...

This is only the good way...

My this reply is common, not for You dear.)

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