If a Registered Dealer takes a Car on Rent which is used by Driving School for Imparting Knowledge
can he claim ITC on Rent of Car or it will be Blocked Credit u/s 17(5)
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ITC on Rent of Car used by Driving School for Imparting Knowledge
Replies (6)
Quick Summary
Is dealer charged GST on that driving classes...???
If Yes, Then what percentage of GST...??
What gst percentage charged by the tenant...??
If Yes, Then what percentage of GST...??
What gst percentage charged by the tenant...??
On Renting it will be 5% on RCM or 12% FCM and on Traning Fees 18%
As per my view,
On Training Fees You collect GST 18 percent then ITC can be avail for the rental of the car.
On Training Fees You collect GST 18 percent then ITC can be avail for the rental of the car.
If you receive 12 or more percentage ITC and use of car for furtherance of business than ITC claims
ITC can be availed as it is covered by the exception to Section 17(5) since it is used for impacting training skills and the outward service is taxable.
Perfect thank you all for the replies
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