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
CA Himanshu Ojha
(Expert)
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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