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Tax paid 5% = Limited ITC is available for renting motor car Tax paid 5% = But no itc available for GTA Why ?
Answers (8)
Shiva Teja Faculty
Yes right. Even for renting of car only same line of business ITC is allowed. In case of GTA, generally if 5% is opted supplier opts for RCM.
Sir in Gita also there can be same line of business Then why is limited ITC not allowed there
Thread Starter
Sushmita ChowdhurySir in Gita also there can be same line of business Then why is limited ITC not allowed there
Correction = GTA not gita Sorry for my keyboard
Thread Starter
Sushmita ChowdhuryCorrection = GTA not gita Sorry for my keyboard
Yes but that is not allowed as ITC.
Shiva Teja Faculty
Yes but that is not allowed as ITC.
Why is it allowed for motor vehicle renting but not for GTA
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