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gst input claim on purchase of house hold items like tv fridge etc..

Suresh Singhania (27 Points)

30 July 2017

If a proprietor purchase a tv using his gst no for his home use , can he claim input gst credit?

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14 Replies

Sandeep Upadhyay (1518 Points)
Replied 30 July 2017

No can't avail ITC

1 Like

JITENDRA KUMAR SHARMA (ARTICLE) (213 Points)
Replied 30 July 2017

ITC available only Business use

1 Like

JITENDRA KUMAR SHARMA (ARTICLE) (213 Points)
Replied 30 July 2017

if Bill in firm name then he can

1 Like

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 30 July 2017

(if Bill in firm name then he can)
if Bill in firm name AND ALSO ITS USING IN FIRM then he CAN'T TAKE ITC.
BCOZ, IT'S JUST FIXED ASSETS NOT CAPITAL GOODS......

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 30 July 2017

Sec.16(1) states that Every registered person shall be entitled to take credit of input
tax charged on any supply of goods to him which are used or intended to
be used in the course or furtherance of his business.

In your case, since you are using TV at home which ia not used in the course or furtherance of your business, you are not eligible for ITC.

Further, ITC will be allowes to you, if you use that TV for your business purpose.

3 Like

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 30 July 2017

@ Vinay.,
I think You are Wrongly said...
these are not capital Goods....

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 30 July 2017

@ RAJA P M

Can you point out where I treated them as Capital Goods?

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 30 July 2017

Then how to take ITC from the Electronic and Electrical goods....

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 30 July 2017

Use them in your business.

Sanjay Sethi (6 Points)
Replied 27 August 2017

If TV used which bill on firm name to add with Camera Device, than Can GST input to be claimed.

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 27 August 2017

@ Sanjay.,
If you use it your business then you can claim ITC for the goods....

Sanjay Sethi (6 Points)
Replied 27 August 2017

TV and Camera Both are used in Firm for security purpose.

RAJA P M ("Do the Right Thing...!!!") (127453 Points)
Replied 27 August 2017

Yeah.... You ll be use it's Tax amount as ITC....

siva (Finance Executive) (22 Points)
Replied 04 May 2018

Hello

I Purchased 10 laptop's through Bajaj finance for sale use, is am i eligibile to GST ITC or Not, They Purchase party given invoice to Bajaj Finance Name , he mentioned my name as A/c Payee.