02 January 2020
The assessee is owning 7 cars and running them as taxi for passengers as per the direction of the user for travelling from one place to other and charging them on a per kilometer rate inclusive of fuel. IGST is charged on new vehicle purchased for the business of taxi plying. The assessee is charging GST @5% on gross billed amount. Can the assessee claim credit on capital goods i.e. motor cars purchased. Please guide. Thanks
CAclubindia
