ITC avail or not?

ITC / Input 364 views 18 replies
If I purchase sweet products and give them to our employee Diwali gift can I take ITC of that .
Replies (18)

avaible take bill on company name

and enter in software as business promition or adverisment expense 

other than staffwelfare 

Agreed with Samir...

ITC available only if expenses shown for business purpose.
Gud Morng Mam, Pl clarify as per sec.17 (5 ) ITC not available on food and beverage. Pl confirm above case
Regards
Yes if you get ITC on purchase of food & beverage except for trading or restaurant purpose then same is not allowed.

All snacks ,tea & other eatables consumed during business & GST charged on it then you cant claim ITC for same.

we are having GTA Services provider for TRANSPORTATION OF GOODS LIKE, GODREJ,HINDUSTAN LEVER,ETC., AND ANOTHER ONE SERVICE OF RENTING OF MAHAL @ 18%.  IN THE SAME GSTIN NUMBER.  KINDLY GIVE WHEATHER WE HAVE TO FILE GSTR 1 FOR BOTH OR ONLY TAXABLE SERVICE.

Dear Mr. C R RADHAKRISHNAN.,

You ll be file both in One GSTIN.......

 

 

Your above said way what is the meaning of "ONLY TAXABLE SUPPLY"...?

 

GTA GOES UNDER RCM (i.e we billed godrej e.g 10000/= they pay 5% on rcm and take itc) we are only making bill to 10000/=.  CAN WE SHOW THE RCM PROVIDER TO GODEREJ, HINDUSTAN IN GSTR1 AT WHICH COLOUMN.????

AND ANTOTHER SERVICE OF RENTING OF IMMOVABLE WILL BE SHOWN IN B2C .

DETAILS OF RCM NOT TO GIVE IN GSTR-1. SAME IS SHOWN IN GSTR - 2 ONLY.

Dear Radha Krishnan,

Even GTA service details needs to be given in the GSTR-1 in the B2B supply table and mention that RCM is applicable on that outward supply.

Show the rental service details in the same GSTR-1.

Dear Radha Krishnan,

Even GTA service details needs to be given in the GSTR-1 in the B2B supply table and mention that RCM is applicable on that outward supply.

Show the rental service details in the same GSTR-1.

RCM SHOWS IN GSTR 2

SINCE FOR U IT IS UR PURCHASE NOT SALE 

 

RCM SHOWS IN GSTR 2

SINCE FOR U IT IS UR PURCHASE NOT SALE 

 

Yes i agree with you that RCM details ( relating purchases ) needs to be given in GSTR-2.

But where as in this case assessee is provding GTA service which liable to GST under RCM basis. This detials needs to be given in GSTR-1

GSTR 1 : Outward Supplies, Not Inward Supplies....


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