input tax credit on wrist watch

I think no such restrictions to take ITC on any purchases except negative list like vehicles and restaurant bills

Experts pls clarify

What all does the negative list include? Please clarify?

Can we take input tax credit of wrist watch on the name of business?

If any goods purchased and used for the purpose of personal usage, then the ITC is not available. Hence ITC on Wrist Watch is not available.

If watch used for business purpose then input tax credit applicable?

If value is less than 5k then you can justify it is given as gift to employee. if value more than 5k then you need to justify how it is used for business furtherance

If watch value Rs.600000/- for business use then is it applicable input tax credit ?