Gst expenses
This query is : Resolved
05 June 2018
Sir/Mam,
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
Thanking you
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
Thanking you
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
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
06 June 2018
Thank u for your reply what about fixed assets purchased how much we take please clarify
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