Eye Share : The Panorama of ITC on Rent-a-cab

Input Tax Credit (ITC) has been an area of concern for many professionals and businesses since inception of GST. New definition of ITC under GST have unsettled the earlier decisions on CENVAT / MODVAT credit provisions and GST advance rulings.Mr.Ankit Sethi (GST Executive, GST CONNECT LLP) in his article, attempts  to cover all aspects related to ITC on renting a bus in the course and furtherance of business in view of restriction contained u/s 17(5)(b) of...