Dear Sir, Can a tour operator take ITC of rent a cab charged @5% ?
ITC of Rent a Cab @5% by Tour Opertor
Bhawsagarsingh Munjal
Tour Operator Seeks Clarity on Input Tax Credit Eligibility for 5% GST Rent-a-Cab Services Under Recent Notifications A tour operator inquired about the eligibility to claim Input Tax Credit (ITC) on rent-a-cab services taxed at 5% under the Goods and Services Tax (GST) framework. One respondent affirmed the possibility of availing ITC. Another respondent noted that the query lacked details regarding the service provider and receiver's constitution and highlighted changes due to recent notifications and circulars, suggesting the query be clarified and rephrased for a more accurate response. (AI Summary)