IS RENT A CAR PURCHASED FOR CAB SERVICE MEANS THE TAX IS ELIGIBLE FOR ITC OR NOT?
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Rent a car input credit
Replies (3)
if outward supply of cab service is taxable only then credit of input tax paid is allowable
You can eligible for ITC, provided that you should not opt for the 5% rate of tax on outward liability
On smae line of business you can bill for 5% also and avail ITC
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