Dear Team,
Could you help me with the following query.
1. Can the car rental company take input credit of Gst amount paid on purchase of cars.
Menu
ITC incase of car rental company
Replies (5)
Input tax cannot be claimed
Yes...ITC can be claimable because it is car is purchased for the business purpose...
In my opinion, ITC can be taken because the car will be used for the transportation of passengers.
Sec 17(5) blocked credit
ITC on purchase of cars can be claimed for using such cars for rentals.
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
