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GST Credit on BP monitor

Prasad Hegde (40 Points)

29 May 2021

I've purchased the BP monitor machine for our CA firm. Whether i can take the GST credit on that??

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14 Replies

prasad Nilugal (3914 Points)
Replied 29 May 2021

For any input tax credit , you have follow section 16 (2) of the CGST act 2017
1) you must have Tax Invoice ,
2) one must received goods or services
3) supplier must pay tax to Govt account collected from you
4) you must file return 5
) It should reflect in 2A/2B .
6) ITC should not be under block credit , section 17(5) of the CGST act
So always follow above condition for ITC

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 29 May 2021

I think in this case ITC shall not be availed

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prasad Nilugal (3914 Points)
Replied 29 May 2021

If you are capitalising BP Monitor Machine in the Books of Acounts , please check with section 17(1) (2) of the CGST act 2017 and Rule 43 of the CGST rules 2017 applicable or not .

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CMA Poornima Madhava (CMA) (13112 Points)
Replied 29 May 2021

ITC related to health service is a blocked credit u/s 17(5). But can BP monitor be a part of health service? Am not sure. Lets see what others opine.

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prasad Nilugal (3914 Points)
Replied 29 May 2021

@ Poornima Madam

Yes , I alredy mentioned in the my 1st reply to confirm section 17(5) of the CGST act 2017 .

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 30 May 2021

ITC is not available in this case

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Prasad Hegde (40 Points)
Replied 30 May 2021

Dear Professionals,
Thank you so much for all your opinions.

But I've purchased this machine exclusively for our office use and treating it as a Fixed Asset. I think in this case i can eligible to take credit...

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 30 May 2021

If you're providing depreciation then ITC cannot be claimed

Prasad Hegde (40 Points)
Replied 30 May 2021

Dear Mr Sourav,

I'm not claiming depreciation on GST part, So i think now I'll be eligible

prasad Nilugal (3914 Points)
Replied 30 May 2021

But if you see in section 17(5) (b) (i) , health services is under Block Credit , so BP monitor is under health services or not that you have to confirm before availing ITC .