REGARDING ITC

haan if used for business or furtherance of business

sir there is any excption

what defination of business or furtherance of business

it specifically means expenses other than personal exp. for example you have gone on family tour and flight ticket generated with comp gstin avoid claiming such input

sir in case of company if car exp. telephone exp. and other genral exp. than what we can claim itc

Dear Rahul Jain,

GST Input can be availed on all goods or services used in the course or furtherance of business. However there were few exceptions to this.

1. Purchase of motor vehicles unless used for resale or transport.
2. Food and beverages unless in same line of business
3. Rent a Cab service unless in same line of business
4.life and health insurance of employees
5.input on membership for a club, helath or fitness centre
6. works contract services in relation to immovable property services.
7. All goods and services used for construction of immovable property.

thanks sir