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Is there any negative list on which ITC is not permitted?

Question 29 - Input Tax Credit - Goods and Services Tax - Question 29 - Q 29. Ans. Section 16 (9) of the MGL provides for the negative list with respect to the admissibility of ITC. It has been provided that the ITC on following items cannot be availed: (a) motor vehicles, except when they are supplied in the usual course of business or are used for providing the following taxable services- (i) transportation of passengers, or (ii) transportation of goods, or (iii) imparting training on motor dr .....

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