travel bussiness
Bathri Narayanan (208 Points)
18 March 2019
in my travel business I purchase the car for my travel agency.i take itc claim amount
3 Replies
Priya Kashyap
(Student)
(7053 Points)
Replied 18 March 2019
of course sir you can
input tax credit can be claimed over input tax such as
tax on capital goods, inputs and input service but must be used in the business or furtherance of business
input tax credit can be claimed over input tax such as
tax on capital goods, inputs and input service but must be used in the business or furtherance of business
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 March 2019
If you have travel Tour Business : No you cannot claim Input (As per Notification 1/2018 CT (r) Tour operators can claim ITC only inwards supply from other tour operator)
If You have business of Taxi on Hire (Passenger) : can claim ITC only if you charges GST 12% on forward charge.
If You have business of Taxi on Hire (Passenger) : can claim ITC only if you charges GST 12% on forward charge.
Recent Topics
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
Related Threads
CAclubindia
