ITC on RCM paid on rent a cab

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49 Points Posted on 19 March 2024
Can a company claim ITC on Rcm paid on rent a cab?
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On 19 March 2024 at 11:05 Report
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Quick Summary
This discussion examines the eligibility of claiming Input Tax Credit (ITC) on rent-a-cab services when paid under the Reverse Charge Mechanism (RCM). While some initial thoughts suggested it might be allowed, the consensus points to it being a blocked credit under Section 17(5) of the GST Act. Further clarification on the specific conditions for blocked credits is advised.

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TAX LAWYER
25 Points Posted on 19 March 2024
Yes allowed
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On 19 March 2024 at 11:38
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49 Points Posted on 19 March 2024
But in section 17(5) renting of vehicle it's blocked credit
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On 19 March 2024 at 11:40
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Profession
28271 Points Posted on 19 March 2024
Try to know the conditions of blocked credit.
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On 19 March 2024 at 16:52
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49 Points Posted on 19 March 2024
Kindly guide
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On 19 March 2024 at 17:09
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"Do the Right Thing...!!!"
128162 Points Posted on 19 March 2024
@ SUKHVEER SINGH...

ITC not allowed....
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On 19 March 2024 at 17:10
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Profession
28271 Points Posted on 21 March 2024
Sukhveer even if someone tells act is there.
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On 21 March 2024 at 10:20
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Working in Manufacturing Comapny
169 Points Posted on 21 March 2024

ITC is not available on rent a cab.

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On 21 March 2024 at 10:23

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