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GST input Eligibility query.....

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Ajnas

Student

844 Points Posted on 08 July 2021

Mr. X is a docter in government and he received amount as salary , he also have income from youtube channel (adsense), this salary is taxable under the head income from salary in income tax, but his youtube income is taxable under the head income from other sources in income tax, he also purchased some fixed asset for you tube channel, then Mr. X can claim input on such fixed asset?, is any relationship between income chargeble under the different head of income tax and GST input?

Replies (5)

Quick Summary

This discussion clarifies whether a doctor receiving a government salary and income from a YouTube channel can claim GST input tax credit (ITC) on assets purchased for their YouTube business. The consensus is that ITC eligibility for YouTube-related assets depends on GST registration and whether the assets are used for taxable supplies, irrespective of how the income is classified under Income Tax.

Deepa B

Practicing Chartered Accountant

573 Points Posted on 09 July 2021

ITC on fixed asset is an eligible input tax credit if it's exclusively related to such You-tube business and not covered under blocked credit. As you-tube channel is not your full time activity, it can be disclosed under Income from other sources. It will not impact your ITC entitlement.

CMA Poornima Madhava

CMA

13117 Points Posted on 09 July 2021

Is x registered under GST?

CA Altamush Zafar

GST Consultant

15986 Points Posted on 09 July 2021

There is no relation between different heads in Income Tax and supply under GST.

If the person is registered and outward supply is taxable then ITC available if it is for the purpose of business. If there are both taxable and exempt supply proportionate ITC available.

Ajnas

Student

844 Points Posted on 09 July 2021

That means he can claim the GST il irrespective of such YouTube income is taxable under the head income from other sources if he is registered under the GST, am i right?