Credit of GST on Car Rent
Query (Issue) Started By: – Murari Agrawal Dated:- 23-8-2017 Last Reply Date:- 24-8-2017 Goods and Services Tax – GST
Got 7 Replies
GST
We have taken a car on monthly hire charges for use of factory. Hire charges include Fuel Charges & driver's salary. The Service Provider is unregistered. Under which SAC No. reverse GST is payable and whether we can take credit of such reverse payment. Thanks,
\nReply By KASTURI SETHI:
\nThe Reply:
\nSAC 9966 5% without ITC 12 % with ITC Earlier it was 18%. Reduced in the meeting GST Council held on 5 & 6.8.17
\nReply By Murari Agrawal:
\nThe Reply:
\nThanks Sir, pl clarify can we pay 12% on reverse charge basis and take ITC ? This question arises because no ITC is availa<\/p>\n
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\n (C) imparting training on driving, flying, navigating such vehicles or conveyances;
\n (ii) for transportation of goods;
\n Therefore if you hire the motor vehicle for use in the factory ITC in respect of GST paid on such vehicle is not available.
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. As detailed by Sh.Ranganathan Sir and also opined by Sh.Himansu Sekhar, you are to ascertain whether you fulfill the conditions laid down under Section 17(5) of CGST Act.2017. Thanks to both experts for making the picture clear.
\nReply By KASTURI SETHI:
\nThe Reply:
\nDear Querist,. If you are covered under any of exclusion clause A, B, C , (ii) detailed above, then you can take ITC. ITC is conditional.
Discussion Forum – Knowledge S<\/p>\n
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