Eligibility of GST ITC Credit
This query is : Resolved
22 November 2019
We request your expert opinion for the eligibility GST ITC credit for the following :
Whether GST ITC credit van be taken for a rent a cab service which is charged @ 5% in invoice ( under forward charge) by taxi operator. I request for this clarification before the notification dated 01.10.2019 for payment under RCM by body corporate as service receiver.
Whether GST ITC credit van be taken for a rent a cab service which is charged @ 5% in invoice ( under forward charge) by taxi operator. I request for this clarification before the notification dated 01.10.2019 for payment under RCM by body corporate as service receiver.
22 November 2019
ITC not available for 5% GST.
09 December 2019
ITC can not claim on rent a cab unless the service is mandatory as per any law (e.g.cab service providing for night shift women employees etc).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
