https://www.taxtmi.com/forum/issue?id=113434 The query asks if ITC from retail/trading purchases can be set off against output tax on SAC 9966 vehicle-hire services. One advisory view treats ITC as a substantive right usable for any taxable outward supply if eligible. Another stresses that ITC must be used in the course or furtherance of the same business-trading inputs do not support vehicle-hire services-so ITC would be ineligible. A further reply notes SAC 9966 may be subject to blocked-credit rules for rent-a-cab services and that establishing nexus would be difficult, also precluding ITC. en-us Sun, 25 Feb 2018 21:07:44 +0530 Thu, 23 Jan 2025 15:55:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113434 The query asks if ITC from retail/trading purchases can be set off against output tax on SAC 9966 vehicle-hire services. One advisory view treats ITC as a substantive right usable for any taxable outward supply if eligible. Another stresses that ITC must be used in the course or furtherance of the same business-trading inputs do not support vehicle-hire services-so ITC would be ineligible. A further reply notes SAC 9966 may be subject to blocked-credit rules for rent-a-cab services and that establishing nexus would be difficult, also precluding ITC. Discussion-Forum GST Sun, 25 Feb 2018 21:07:44 +0530 https://www.taxtmi.com/forum/issue?id=113434