Can I get ITC on purchasing a taxi

Hi,

Yes, you can claim ITC on purchasing on new car. 

Sorry for my previous answer.

Yes, your CA is correct.

You cannot claim itc.

Hi 

Under rent a cab service, GST is chargeable @5% without benefit of ITC OR @12% with ITC benefit.

Since you have opted for 5%, ITC shall not be available.

Yes, your CA is correct.

In 5% GST rate, you can only claim ITC for GST paid to other rent a cab service provider. All other ITC become ineligible. 

Yes if you are going to charge GST @5% you cant take credit of any goods or service.

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Thank you.

Hello,

Since you have opted for 5% GST option, you cannot claim credit for purchase of cab.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani

Yes, if you opt for 12% option, you would be eligible to claim ITC on motor vehicle.

Hello Sir,

No, you can't get a ITC on purchasing of a new car/cab which is to be registered as a TAXI.

Yes, your CA is absolutely correct.