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Purchased cab for providing rent a cab facility. Can i claim ITC ??
Replies (3)
No....
ITC on Motor Vehicles is Blocked u/s 17(5) of the CGST Act 2017.
Hence you cannot claim ITC on cab purchased for providing Rent a Cab facility.
Regards.
ITC on Motor Vehicles is Blocked u/s 17(5) of the CGST Act 2017.
Hence you cannot claim ITC on cab purchased for providing Rent a Cab facility.
Regards.
yes u can avail ITC. because u purchase cab for business purpose.but you can not charge deppreation on GST.
I purchased for business purpose, still it will be my capital asset so I will claim depreciation also
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