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Gst

Nishikant (Jalna) (298 Points)

11 May 2018

Hello dear Expert A Proprietor take a gst bill for personal use item but they have business gstin no then he can take ITC on it ?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176815 Points)
Replied 11 May 2018

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Tarun Kumar (Chartered Accountant) (180 Points)
Replied 11 May 2018

If you provided your GSTIN on the bill for personal use then you have to reverse your ITC while filing your GST Returns because it will reflect in your Input on autopopulated system.

Sarath Rajendran (Nil) (2791 Points)
Replied 11 May 2018

No, Personal ITC cann't claim with Business

Tarun Kumar (Chartered Accountant) (180 Points)
Replied 11 May 2018

If you provided your GSTIN on the bill for personal use then you have to reverse your ITC while filing your GST Returns because it will reflect in your Input on autopopulated system.

Divyam Goel (Chartered Accountant) (36 Points)
Replied 11 May 2018

You can only claim GST input when the expense is incurred for furtherance of the business.
In this case, the expense is incurred for personal use, the GST input is not allowed irrespective of the fact that it had business GSTN no.