Dear frds / experts,
A small manpower company has claimed the following ITC in GST for the f.y.2019-20. Can u plz explain whether it is eligible or not along with provisions:-
1) Stationery bills for office use
2) Office mobile recharge
3) car maintenance exp like tyres, service, other spare parts ( where that car is in the name of the Director and that car is used for company purpose only)
4) Newspaper Ad (for office purpose)
5) Textile shop bill (Uniform clothes purchased for employees)
6) Gold jewellery bill ( jewells purchased for clients marriage function)
7) Jewellery shop bill (Gold showcase piece for the company)
8) UPS purchased for company
9) Fan purchased for office.
your earliest reply is greatly appreciated. plz kindly advice me along with provisions.
Thanks in adv.
-Maya
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ITC for 2019-20
Replies (6)
ITC on car maintenance will not be available as it is blocked credit u/s. 17(5).
ITC on car maintenance will not be available as it is blocked credit u/s. 17(5).
Based on the information provided, the following items are eligible for ITC:
- Stationery bills for office use
- Office mobile recharge
- Newspaper Ad (for office purpose)
- Textile shop bill (Uniform clothes purchased for employees)
- UPS purchased for company
- Fan purchased for office
The following items are not eligible for ITC:
- Car maintenance expenses (unless the car is owned by the business and used solely for business purposes)
- Gold jewellery bill (purchased for a client's marriage function)
- Jewellery shop bill (for a gold showcase piece for the company)
Thank you. Can you plz mention its provision (section)
You cannot claim itc on these.
Even though the above exp were all occurred for the company, why can't we claim these ITC?
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