input of car lease in company
This query is : Resolved
14 January 2018
If a company takes car on lease finance basis can it claim itc of gst paid on lease rentals to the financer...? This car will be used for directors and other business delegates....
14 January 2018
sir comapny is deducting hire charges @12% gst from the remuneration of person using car... will it not fall under the category of 'supply' of similar nature i.e taking on lease and made available to use in lieu of hire charges...sec 17(5)(b)(iii)(B)....
16 January 2018
ITC is not available in this case.
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