Itc on Motor Vehicle

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Dear sir

I bought a motor vehicle for rent a cab service , can I get it Itc in such cases.
Replies (5)

Yes, you may avail ITC

ITC is available - 

When Motor vehicles are used for              

 i) further supply of such vehicles or                             

ii) transportation of passengers or                        

iii) imparting training on driving of such motor vehicles. 

ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him.

 

yes u may avail ITC
ITC Available, provided that you satisfy all the FOUR CONDITIONS as laid down under SECTION 16(2) of the CGST Act 2017.

When Motor vehicles are used for              

 i) further supply of such vehicles or                             

ii) transportation of passengers or                        

iii) imparting training on driving of such motor vehicles. 

ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him

When Motor vehicles are used for              

 i) further supply of such vehicles or                             

ii) transportation of passengers or                        

iii) imparting training on driving of such motor vehicles. 

ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him


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