Dear Team,
Could you help me with the following query.
1. Can the car rental company take input credit of Gst amount paid on purchase of cars.
priya vijay (4 Points)
12 April 2022
CA K.Srividhya
(Chartered Accountant)
(279 Points)
Replied 12 April 2022
Kesavaraj S
(578 Points)
Replied 12 April 2022
CA Puja Sharma
(Chartered Accountant)
(4969 Points)
Replied 13 April 2022
In my opinion, ITC can be taken because the car will be used for the transportation of passengers.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 22 April 2022
ITC on purchase of cars can be claimed for using such cars for rentals.
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