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.
In my opinion, ITC can be taken because the car will be used for the transportation of passengers.
ITC on purchase of cars can be claimed for using such cars for rentals.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
