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Hello dear Expert A Proprietor take a gst bill for personal use item but they have business gstin no then he can take ITC on it ?
Replies (5)
No
If you provided your GSTIN on the bill for personal use then you have to reverse your ITC while filing your GST Returns because it will reflect in your Input on autopopulated system.
No, Personal ITC cann't claim with Business
If you provided your GSTIN on the bill for personal use then you have to reverse your ITC while filing your GST Returns because it will reflect in your Input on autopopulated system.
You can only claim GST input when the expense is incurred for furtherance of the business.
In this case, the expense is incurred for personal use, the GST input is not allowed irrespective of the fact that it had business GSTN no.
In this case, the expense is incurred for personal use, the GST input is not allowed irrespective of the fact that it had business GSTN no.
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