Multiple businesses-input tax credit.

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This query is : Resolved

Ramit Saxena (Querist)
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06 October 2017 If a GST registered firm is involved in multiple businesses. Can they claim ITC for all the expenses made? Regardless of which business the input is used for?
E.G. A firm is involved in sales of FMCG goods, as well as in providing sales consultancy services. Some expenses will be made for consultancy business like rent, electicity, computers' etc., and some expenses will be made for the sales business like purchase of goods., can the firm claim ITC on both?

Secondly, some expenses are made in cash where we get a Cash bill with GST added. Like eating in a restaurant. How to claim ITC on such expenses? The biller in such cases do not know our GSTIN, and might not have updated it in his billing software. Is there a procedure for such credits?

Thirdly, Can an educated layman, like me file his own GST returns? Or do we essentially need to hire a GST practitioner?

Udaya Chandran

Udaya Chandran (Expert)
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07 October 2017 First - different business should have different GSTIN. And cross utilization of input credit among different GSTIN having different business is not allowed.

Second - You can't take input credit of eatables

Third - You can file your own return. If you need help, you can seek help of anybody having expertise in GST returns.

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