All About ITC & RCM on Purchase / Hiring of Motor Vehicle

Section 17 Sub-Section 5 of CGST Act has made it clear that even though a Vehicle is used in business, still Tax-Payer will not be entitled to claim Input Tax Credit (ITC) on purchase or hiring of the same. Before 01-02-2019, Tax Payers were restricted from availing ITC on purchase of all type of Motor […] https://ift.tt/eA8V8J