Renting of motor cab 5%no itc?

[satbir singhwahi]

Sir

Pls guide what does no itc mean here.

AI Summary

Understanding ITC Restrictions for Motor Cab Rentals Under GST: No ITC for Repairs or Reverse Charges Involving Unregistered Operators. A discussion on a forum addresses the issue of input tax credit (ITC) for renting motor cabs under the Goods and Services Tax (GST) regime. A participant queries the meaning of 'no ITC,' to which another responds that motor cab owners cannot claim ITC on GST paid for expenses like car repairs. If a cab operator uses services from an unregistered operator and pays 5% under reverse charge, ITC is still not available. Another contributor clarifies that even when renting from unregistered operators, ITC cannot be claimed if the cost of fuel is included in the service charge.