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GST input on Drawings

26 September 2018

I have purchase some service for my family and provided Company GSTIN & paid from my company's bank. can i available GST ITC benefits on above drawing?

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9 Replies

Avinash Jeevan Dsouza (Assistant In Charge Accountant) (3292 Points)
Replied 26 September 2018

No. You can not get the credit. If you purchase for personal purchase you should have provided company GSTIN.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 September 2018

Originally posted by : Asif Rahaman
	I have purchase some service for my family and provided Company GSTIN & paid from my company's bank. can i available GST ITC benefits on above drawing?

I Agreed with Mr Avinash.,

You should reverse the ITC as Ineligible ITC.

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Asif Rahaman (95 Points)
Replied 26 September 2018

Can you give me any notification . I can't convinced to a CA.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 September 2018

Originally posted by : Asif Rahaman

Can you give me any notification .

I can't convinced to a CA. - What is this meaning...? Why You convince to CA

As per Section 17 (1):

“Apportionment of Credit and Blocked Credits” (CGST Act, 2017) -

are as under:

(1) Where the goods or services or both are used by the registered person partly for the purpose of any business and partly for other purposes, the amount of credit shall be restricted to so much of the input tax as is attributable to the purposes of his business

Also Please read with this following article :

https://cleartax.in/s/itc-rules-for-common-credit-under-gst

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