banner_ad

DIAGNOSTIC CENTRE ITC

ITC / Input 334 views 9 replies
User Avatar

81 Points Posted on 04 May 2018
Can we claim ITC for diagnosis centre? on purchase bills?
Reply Share Follow
On 04 May 2018 at 16:37 Report
Replies (9)
User Avatar

Chartered Accountant
2414 Points Posted on 04 May 2018

What business you are in?

3 Reply
On 04 May 2018 at 18:36
User Avatar

GST Practitioner
55067 Points Posted on 04 May 2018
But its exempted from GST ,.. can u elobarate ur query
301 Reply
On 04 May 2018 at 19:25
User Avatar

81 Points Posted on 04 May 2018
client has purchased machines for diagnostic centre with GST. can client claim ITC and get refund. Because client has exempted services. please advise
Reply
On 04 May 2018 at 21:23
User Avatar

Chartered Accountant
2414 Points Posted on 04 May 2018
No he will not get the refund. GST will be totally expenses off.
3 Reply
On 04 May 2018 at 21:30
User Avatar

81 Points Posted on 04 May 2018
so what happens to ITC ?
Reply
On 04 May 2018 at 21:32
User Avatar

Chartered Accountant
2414 Points Posted on 04 May 2018
You cannot avail ITC. Treat the ITC as expenses instead of asset in books of accounts. In Gstr-3b 1st show the ITC in all other ITC and then in reversal column as per rule 42.
3 Reply
On 04 May 2018 at 23:01
User Avatar

Chartered Accountant
2414 Points Posted on 04 May 2018
You cannot avail ITC. Treat the ITC as expenses instead of asset in books of accounts. In Gstr-3b 1st show the ITC in all other ITC and then in reversal column as per rule 42.
3 Reply
On 04 May 2018 at 23:01
User Avatar

GST Practitioner
55067 Points Posted on 04 May 2018
Yes u cannot avail ITC as per section 16 cgst act
301 Reply
On 04 May 2018 at 23:13
User Avatar

81 Points Posted on 05 May 2018
thanks a lot
Reply
On 05 May 2018 at 11:08


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details