Maanicare System India Private Limited ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Maharashtra
- Date:
- February 1, 2022
- Type:
- Advance Ruling
- Members:
- Rajiv Magoo, T R Ramnani
Subject
ITC is eligible on GST paid under Reverse Charge Mechanism @ 5% for hiring of buses for transportation of employees
Summary
Section 17 (5) had clearly debarred Input Tax Credit on motor vehicles or conveyances used in transport of passengers till the date of the amendment i.e. 01.02.2019. However with effect from 01.02.2019, Input Tax Credit has been allowed on leasing, r…
Judgement
The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively ] by M/s. MAANICARE SYSTEM INDIA PRIVATE LIMITED, the applicant, seeking an advance ruling in respect of the following questions.- Whether the Applicant (Maanicar…