Is ITC can be availed on bus services hired by a manufacturing company for transportation of employees.? Here bus capacity is more than 13 members.Please suggest me regarding this.
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Quick Summary
This discussion explores the eligibility of Input Tax Credit (ITC) for bus services hired by a manufacturing company to transport employees, especially when the bus capacity exceeds 13 members. While some argue ITC is claimable as it's not explicitly excluded by Section 17(5) of the CGST Act, others cite judgments suggesting such services aren't in furtherance of business, thus disallowing ITC. The user seeks clarification on this conflicting advice.
In some case judgement was given as bus service provided to employees is not to be considered as furtherance of business.So ITC should not be availed. Please clarify my confusion..
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