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Bus purchase itc
I have toors & travels business. I purchase bus in which gst paid 623689/- can i claim ful gst amount as in itc
Replies (4)
Yes if it is used for transportation of passengers full credit is available.
Yes , you can claim ITC
yes as per sec 17(5) of cgst itc on motor vehicles used for transportation of passenger is allowed
If You are Tour Operator Then you are not liable Claim ITC , As per Notification 11/2017 CT (r) , tour operator is liable charge GST 5% with No ITC
Hence if fall under the defination of Tour Operator As explained in the Notification then You are Not Liable Take ITC
Explanation.- "tour operator" means any
person engaged in the business of planning,
scheduling, organizing, arranging tours
(which may include arrangements for
accommodation, sightseeing or other similar
services) by any mode of transport, and
includes any person engaged in the busines of operating Tours
Hence if fall under the defination of Tour Operator As explained in the Notification then You are Not Liable Take ITC
Explanation.- "tour operator" means any
person engaged in the business of planning,
scheduling, organizing, arranging tours
(which may include arrangements for
accommodation, sightseeing or other similar
services) by any mode of transport, and
includes any person engaged in the busines of operating Tours
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