ITC allowed wef 01.02.2019 on leasing, renting or hiring of motor vehicles, for transportation of persons

In re Tata Motors Limited (GST AAR Maharashtra) 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, renting or hiring of motor vehicles, for transportation of persons, having approved seating capacity of more than thirteen persons (including the driver). FULL TEXT OF CORRIGENDUM ORDER OF AUTHORITY OF ADVANCE RULING, MAHARASHTRA 1. In the case of the applicant, M/s. Tata Motors Limited, holder of GSTIN...