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ITC ON GST PAID RCM
I paid gst under reverse charge on purchase of food item from unregistered dealer for the purpose of staff welfare. Can I get Tax credit of such gst paid!??
Replies (2)
I don't think so. Restaurant services are availed without any input tax credit. Even if so, since you have mentioned that you have availed it from an unregistered dealer and paid under rcm you are liable to pay the tax. Hence you cannot avail ITC
Agree with the above comments...
INPUT TAX CREDIT ( ITC ) on food and beverages is blocked under SECTION 17(5).
So, even you have paid Tax under RCM [ 9(4) ], you are not eligible to take the credit of the same as it is Blocked.
INPUT TAX CREDIT ( ITC ) on food and beverages is blocked under SECTION 17(5).
So, even you have paid Tax under RCM [ 9(4) ], you are not eligible to take the credit of the same as it is Blocked.
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