ITC ON BUS FOR TRANSPORTATION OF EMPLOYEE

[HASMUKH PATEL]

We are pharma manufacturer at vadodara-Gujarat. We have purchase five buses ( 56 seater) for transportation of our employee from city to our factory location. We pickup and drop our employees from Vadodara-city to factory and factory to Vadodara-city.

Can we take ITC og GST paid on purchase of BUSES ?

If any case low available pls. share me.

AI Summary

Input tax credit on high-capacity employee transport buses permitted after statutory amendment; available when used in business.
Input tax credit is available for buses used to transport employees where the approved seating capacity exceeds the small vehicle threshold; the statutory exclusion applies only to motor vehicles with seating for not more than thirteen persons, and administrative guidance confirms credit is permitted for higher capacity vehicles when used in the course or furtherance of business.