08 January 2019
Dear Sir, Rent a Cab service is directly an blocked Credit as per Sec. 17(5)(iii) but wherein if you are falling in below business & services you can avail such credit
(5) Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following, namely:— (a) motor vehicles and other conveyances except when they are used–– (i) for making the following taxable supplies, namely:— (A) further supply of such vehicles or conveyances ; or (B) transportation of passengers; or (C) imparting training on driving, flying, navigating such vehicles or conveyances; (ii) for transportation of goods;
CAclubindia
