ITC ON JCB-HIRE BASIS

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Tax Consultant
297 Points Posted on 13 October 2021

MY Client is Providing JCB on Hire basis, he has Purchased New JCB , can we avail the iput for the same.

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On 13 October 2021 at 11:48 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed when a client provides a new JCB on a hire basis. The consensus is that ITC is indeed claimable in such scenarios. This means businesses can recover the GST paid on the purchase of the JCB when it's subsequently hired out.

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GST Consultant
15986 Points Posted on 13 October 2021

Yes ITC can be claimed

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On 13 October 2021 at 14:34
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Chartered Accountant
24588 Points Posted on 14 October 2021
ITC can be claimed
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On 14 October 2021 at 06:09

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