Can i claim itc on capital goods of rent a cab
This query is : Resolved
08 June 2018
OUR BUSINESS IS RENT A CAB
WE OPTING THE 5% GST (WITHOUT ITC) ON SERVICE PROVIDING. NOW I PURCHASED A COMMERCIAL VEHICLES (CAPITAL GOODS) CAN I CLAIM ITC PAID ON CAPITAL GOODS OR NOT. PLEASE REPLY
WE OPTING THE 5% GST (WITHOUT ITC) ON SERVICE PROVIDING. NOW I PURCHASED A COMMERCIAL VEHICLES (CAPITAL GOODS) CAN I CLAIM ITC PAID ON CAPITAL GOODS OR NOT. PLEASE REPLY
09 June 2018
Since you have opted for no ITC option and input credit includes credit on capital goods,you may not be eligible for credit on commercial vehicles purchased.
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