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ITC available or not

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priya jain

Student CA Final

22 Points Posted on 13 March 2020

Whether ITC under GST would be available when Mattress, Curtains, Bed Sheets etc purchased to be used for Company's own Guest House??

Replies (4)

Quick Summary

This discussion clarifies whether Input Tax Credit (ITC) under GST is available for items such as mattresses, curtains, and bed sheets purchased for a company's own guest house. The consensus is that ITC is generally available if these items are used for business purposes and not explicitly blocked under Section 17(5) of the GST Act. The thread also includes information on extended GSTR-3B filing due dates for February to May 2020, relevant for taxpayers with different turnover thresholds.

Amresh Kumar

26 Points Posted on 13 March 2020

Yes it will be available.

Shivam RC

Student

7666 Points Posted on 10 April 2020

FOR INFORMATION PURPOSE ONLY :

As per Notification No. 31/2020 - Central Tax, dated 03.04.2020 read with Notification No. 32/2020 - Central Tax, dated 03.04.2020, Due Date for filing FORM GSTR -3B for the month of February, March and April 2020 for the Taxpayers having Aggregate Turnover more than Rs. 5 crore in the preceding FY have been extended in the following manner :

FEBRUARY : 24.06.2020.
MARCH : 24.06.2020.
APRIL : 24.06.2020.

And as per Notification No. 36/2020 - Central Tax, dated 03.04.2020, due date for filing FORM GSTR -3B for the month of MAY 2020 have been extended to "27th June 2020".

TAXPAYERS HAVING AGGREGATE TURNOVER upto Rs. 1.5 crore in the preceding FY ( Notification No. 31/2020 - CT, Notification No. 32/2020 - CT and Notification No. 36/2020 - CT all dated 03.04.2020 )

FEBRUARY : 30.06.2020
MARCH : 03.07.2020
APRIL : 06.07.2020
MAY : 12.07.2020 & 14.07.2020. ( For specified catagory of States, different due date prescribed ).