IS RENT A CAR PURCHASED FOR CAB SERVICE MEANS THE TAX IS ELIGIBLE FOR ITC OR NOT?
3 Replies
rishi
(student)
(408 Points)
Replied 06 July 2019
if outward supply of cab service is taxable only then credit of input tax paid is allowable
Akhil
(Student CA CPT )
(22 Points)
Replied 06 July 2019
You can eligible for ITC, provided that you should not opt for the 5% rate of tax on outward liability
Jiten Patel
(15 Points)
Replied 07 July 2019
On smae line of business you can bill for 5% also and avail ITC
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