Orix Auto Infrastructure Services Limited ., In re
Date: March 2, 2019
Subject Matter
ITC is eligible on entire amount of Compensation Cess paid on the purchase of vehicles used for rental business for three to four years and later sold off
Summary
Whether the applicant Is eligible to take credit of the input tax credit as defined in Sec.2(g) of the GST (Compensation to States) Act. 2017 of the Cess paid on purchase of motor vehicles used in providing services of transportation of passengers or…
The petitioner is supplying services of transportation of passengers or renting of Motor Vehicles (internally called as RAC business) with or without chauffeurs and also leasing of vehicles. The petitioner operates the renting and leasing business as separate division. The motor vehicles procured for renting business are exclusively used for the said business and the same are not interchange…