ITC ON JCB-HIRE BASIS

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

Replies (2)
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.

Yes ITC can be claimed

ITC can be claimed

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