https://www.taxtmi.com/forum/issue?id=113126 Rent-a-cab suppliers must choose between a composite rate with no entitlement to input tax credit and the regular rate with entitlement to input tax credit. Motor vehicles are generally ineligible for input tax credit, but the rule expressly permits credit where vehicles are used for transportation of passengers; therefore passenger-carrying cabs purchased for the business can attract input tax credit under the regular-rate option, requiring a cost-benefit analysis to decide between competitive pricing and claiming credits. en-us Tue, 28 Nov 2017 16:12:09 +0530 Thu, 23 Jan 2025 15:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113126 Rent-a-cab suppliers must choose between a composite rate with no entitlement to input tax credit and the regular rate with entitlement to input tax credit. Motor vehicles are generally ineligible for input tax credit, but the rule expressly permits credit where vehicles are used for transportation of passengers; therefore passenger-carrying cabs purchased for the business can attract input tax credit under the regular-rate option, requiring a cost-benefit analysis to decide between competitive pricing and claiming credits. Discussion-Forum GST Tue, 28 Nov 2017 16:12:09 +0530 https://www.taxtmi.com/forum/issue?id=113126