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gst input claim on purchase of house hold items like tv fridge etc..
If a proprietor purchase a tv using his gst no for his home use , can he claim input gst credit?
Replies (14)
No can't avail ITC
ITC available only Business use
if Bill in firm name then he can
(if Bill in firm name then he can)
if Bill in firm name AND ALSO ITS USING IN FIRM then he CAN'T TAKE ITC.
BCOZ, IT'S JUST FIXED ASSETS NOT CAPITAL GOODS......
if Bill in firm name AND ALSO ITS USING IN FIRM then he CAN'T TAKE ITC.
BCOZ, IT'S JUST FIXED ASSETS NOT CAPITAL GOODS......
Sec.16(1) states that Every registered person shall be entitled to take credit of input
tax charged on any supply of goods to him which are used or intended to
be used in the course or furtherance of his business.
In your case, since you are using TV at home which ia not used in the course or furtherance of your business, you are not eligible for ITC.
Further, ITC will be allowes to you, if you use that TV for your business purpose.
tax charged on any supply of goods to him which are used or intended to
be used in the course or furtherance of his business.
In your case, since you are using TV at home which ia not used in the course or furtherance of your business, you are not eligible for ITC.
Further, ITC will be allowes to you, if you use that TV for your business purpose.
@ Vinay.,
I think You are Wrongly said...
these are not capital Goods....
I think You are Wrongly said...
these are not capital Goods....
@ RAJA P M
Can you point out where I treated them as Capital Goods?
Can you point out where I treated them as Capital Goods?
Then how to take ITC from the Electronic and Electrical goods....
Use them in your business.
If TV used which bill on firm name to add with Camera Device, than Can GST input to be claimed.
@ Sanjay.,
If you use it your business then you can claim ITC for the goods....
If you use it your business then you can claim ITC for the goods....
TV and Camera Both are used in Firm for security purpose.
Yeah.... You ll be use it's Tax amount as ITC....
Hello
I Purchased 10 laptop's through Bajaj finance for sale use, is am i eligibile to GST ITC or Not, They Purchase party given invoice to Bajaj Finance Name , he mentioned my name as A/c Payee.
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