Rajiv (Senior Accounts Officer) (1548 Points)
19 April 2018EXPERTS,
GENERALLY WE CAN NOT TAKE INPUT TAX CREDIT ON RENT A CAB. BUT SIR CAN WE TAKE ITC ON RENTING A MOTOR VEHICLE . I AM ASKING FOR THAT BECAUSE ITC BLOCK FOR RENT A CAB . NOT FOR RENTING A MOTOR VEHICLE. SO PLEASE REPLY.
Rajeev Bhargav
(Director)
(33 Points)
Replied 19 April 2018
Please refer section 17(5)(a) of CGST Act, the credit would not be available 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.
Regards,
Rajeev Bhargav
rajeev @ rbhargav.com
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 19 April 2018
| Originally posted by : Rajeev Bhargav | ||
 |
Please refer section 17(5)(a) of CGST Act, the credit would not be available 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. Regards, Rajeev Bhargav rajeev @ rbhargav.com |
 |
Sir,
Thanks for reply but sir in above where it is mention that for renting a motor vehicle ????
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 19 April 2018
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 19 April 2018
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 19 April 2018
JYOTI SANKHALA
(Student CA Final )
(29 Points)
Replied 20 August 2018
I PURCHASE MOTOR VEHICLE AND GIVE ON HIRE PURCHASE CAN I CLAIM GST CREDIT ON PURCHASE OF MOTER VEHICLE
ritesh
(Sr. Executive Accounts & Taxation)
(22 Points)
Replied 16 June 2019
We provide rent a cab service & charge GST @ 5% on invoices raised to client. We have purchased vehicles for providing rent a cab services. Can we claim ITC on vehicles ??
CAclubindia
