Question ID :
40982
ITC ON MOTOR BIKE
Where taxpayer is engaged in bike rental service, whether ITC on purchase and servicing of motor bike can be claimed or not?
Posted by
vikas kalra
on
Mar 03, 2021
Filed Under
GST
itc cannot be claimed as it a transport restricted u/s 17(5).
Posted by
CA. SATISH CHAND GARG on
Mar 06, 2021
Answer ID :
80938
Another possible view could be that supply includes leasing also. So the credit of the motor vehicle should be available sine it is further supplied
Posted by
CA. SHILPI KATARIYA on
Mar 11, 2021
Answer ID :
80952
yes, itc can be claimed
Posted by
CA. VENKITARAMAN K V on
Mar 12, 2021
Answer ID :
80972
IT CAN BE TAKEN
Posted by
CA JEET REWRI on
Mar 13, 2021
Answer ID :
80990
Notwithstanding anything in Sec 16(1) and Sec 18(1) ITC not available for following:
(a) motor vehicles for transportation of persons having approved seating capacity of not more than 13 persons, except when they are used for making the following taxable supplies, namely:—
(A) further supply of such motor vehicles; or
(B) transportation of passengers; or
(C) imparting training on driving such motor vehicles;
Here motor vehicle rental is not included.
Hence cannot be claimed. Further supply of motor vehicles is different from supply of rental services
Posted by
YOGESH on
Mar 15, 2021