Dear sir
I bought a motor vehicle for rent a cab service , can I get it Itc in such cases.
Yes, you may avail ITC
5 Replies
CA Vijeta Nathani
(Chartered Accountant)
(505 Points)
Replied 04 June 2019
ITC is available -
When Motor vehicles are used for
i) further supply of such vehicles or
ii) transportation of passengers or
iii) imparting training on driving of such motor vehicles.
ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him.
Shivam RC
(Student)
(23683 Points)
Replied 06 June 2019
ITC Available, provided that you satisfy all the FOUR CONDITIONS as laid down under SECTION 16(2) of the CGST Act 2017.
CA Arun Sharma
(Service)
(28 Points)
Replied 07 June 2019
When Motor vehicles are used for
i) further supply of such vehicles or
ii) transportation of passengers or
iii) imparting training on driving of such motor vehicles.
ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him
When Motor vehicles are used for
i) further supply of such vehicles or
ii) transportation of passengers or
iii) imparting training on driving of such motor vehicles.
ITC would further be admissible for leasing, renting or hiring of motor vehicles when such motor vehicles are used for above said purposes or where the recipient is engaged in the manufacture of such motor vehicles or in the supply of general insurance services in respect of such motor vehicles insured by him
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