What kind of expenditure we have to take ITC , yesterday I had checked in GSTR2A lot of expenditure in that Which I have to accept or not I am not able to understand please help in this regard
05 June 2018
Cases Where Input Tax Credit under GST Cannot Be Availed
1. Motor vehicles & conveyances 2. Food, beverages, club memberships and others 3. Sale of membership in a club, health, fitness centre 4. Rent-a-cab, life insurance, health insurance 5. Travel - ITC will be allowed for travel for business purposes. 6. Works contract 7. Constructing an immovable property on own account 8. Composition Scheme 9. No ITC for Non-residents 10. No ITC for personal use 11. Free samples and destroyed goods 12. No ITC in fraud cases 13. No ITC on restaurants
CAclubindia
