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Gst input tax credit

ITC / Input 205 views 7 replies

Dear Expert,

Wheter ITC will be available on the following items:

---Expenses incurred on insurance of CAR using for business purpose

---Expenditure incurred on Room rent and food & beverage there

---Expenditure incurred on renovation & construction of building for business premise.

 

Replies (7)

GST input will be available for 1st item

and for 2nd and 3rd item input will not be available

nope in all you not got any ITC expect only room booking with your company gst number ...

in insurance you claim only where gov allow that you have to take insurance (means where boundation from gov that you have to take mendetory insurance )। then ITC avalible
satisfy with Rakesh Bansal....
DEAR MONDIRA, PLZ READ SECTION 17 THOROUGHLY.
OF CGST ACT, 2017
pls refer act 17(5) cgst where mention that ' in respect of motor vehicle ' .. the term in in RESPECT OF is broad and covers repair and maintenance of vehicle ... so insurance is dissallowed ...

on room rent if this book by GST number and partner , proprietor than ITC available

read and understand this section carefully ....
Originally posted by : Mondira Saha
pls refer act 17(5) cgst where mention that ' in respect of motor vehicle ' .. the term in in RESPECT OF is broad and covers repair and maintenance of vehicle ... so insurance is dissallowed ...on room rent if this book by GST number and partner , proprietor than ITC available read and understand this section carefully ....

Thanks for valued advise Mondira.


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