Hi Readers,
There is a question regarding whether or not we are eligible to take GST input credit on capital goods hire for staff welfare?
Eg: Coffee Dispencer hire by a company for their staff....
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Gst input related to capital goods used for staff of organisation
Replies (4)
the item if capitalize in books of accounts can't be take ITC .if the item booked in expenses itc eligible
Yes you cam claim
since it is in the cousrse of business and it is not covered under blocked credit
since it is in the cousrse of business and it is not covered under blocked credit
Ofcourse, can claim ITC on purchase of capital goods for staff welfare as these are in course of normal business and not covered in blocked credit. If amount is charged as expense, then also eligible for ITC.
As the Food & Beverages is block Under Section 17 (5), hence cannot claim ITC on Hire charges for that capital Goods .
Have to reverse as per Rule 42 CGST Act
Have to reverse as per Rule 42 CGST Act
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