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whether input credit of gst paid on purchase of truck is allowed when i am providing service of renting of truck???
whether input credit of gst paid on purchase of truck is allowed when i am providing service of renting of truck???
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If you fall into the following category, you can claim input tax credit on purchase of trucks:
a) sell that truck as your inventory
b) use that truck for transportation of goods/ passengers by yourself, not by renting to others
c) use that truck for imparting training on driving such truck
a) sell that truck as your inventory
b) use that truck for transportation of goods/ passengers by yourself, not by renting to others
c) use that truck for imparting training on driving such truck
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