AAR: Denies ITC on hiring of vehicles for transportation of company employees

Himachal Pradesh AAR holds that applicant shall not be able to avail the Input Tax Credit (ITC) paid by the contractor on services of hiring commercially licensed vehicles for transportation of its employees; Peruses second proviso to Sec 17(5)(b) which provides that ITC shall be available on fulfilment of one condition viz. “such goods or services or both shall be obligatory for an employer to provide to its employees under any law for the time being force” ; F...