banner_ad

ITC ON GST PAID RCM

ITC / Input 327 views 2 replies
User Avatar

63 Points Posted on 10 August 2018
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!??
0 Reply Share Follow
On 10 August 2018 at 16:09 Report
Replies (2)
User Avatar

48 Points Posted on 10 August 2018
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
Reply
On 10 August 2018 at 16:16
User Avatar

Student
23693 Points Posted on 10 August 2018
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.
1 Reply
On 10 August 2018 at 17:25


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details