https://www.taxtmi.com/article/detailed?id=10978 A bus operator leasing buses from a provider who charges GST at the higher rate may avail input tax credit on the rent bills, but entitlement is governed by the ITC provisions of the CGST Act and subject to conditions such as possession and reporting of tax invoices, receipt of services, absence of statutory blocking or apportionment restrictions, and compliance with payment and return filing requirements; the services rate notification does not independently confer ITC rights. en-us Fri, 13 Jan 2023 09:59:47 +0530 Fri, 13 Jan 2023 18:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10978 A bus operator leasing buses from a provider who charges GST at the higher rate may avail input tax credit on the rent bills, but entitlement is governed by the ITC provisions of the CGST Act and subject to conditions such as possession and reporting of tax invoices, receipt of services, absence of statutory blocking or apportionment restrictions, and compliance with payment and return filing requirements; the services rate notification does not independently confer ITC rights. Articles Goods and Services Tax - GST Fri, 13 Jan 2023 09:59:47 +0530 https://www.taxtmi.com/article/detailed?id=10978