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Gst inputs

Dinesh Mantri (12 Points)

18 January 2019

Dear Sir,

I have some queries related to GST inputs

can we claim ITC on following expenses incurred by company

1- Payment of Employee as well as director keyman insurance policy -

2 - Vehicle (CAR) used for convenience to directors - repairs/maintenance/insurance -Expenses -

3-New vehicle purchase for company product advertisement

4- Expense incurred Renovation of company Head office - Material/Engineer Professional Fees/Carpenter Charges/furniture/fixture/electrical items

IN ALL THE ABOVE CASES CAN WE CLAIM ITC

PLEASE ADVISE

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2 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 18 January 2019

1. No
2.No
3. product advertisement plZ Eloborate ????
4. capitalised to Building then No iTC
If book as revenue expenditure can claim ITC

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pritesh (CA Final student) (7101 Points)
Replied 18 January 2019

Dear pankaj sir,
wheather i am crct or not?

1) works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service;

2) goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account including when such goods or services or both are used in the course or furtherance of business.

Explanation.––For the purposes of clauses (c) and (d), the expression “construction” includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property.

In my opinion your case is covered by Section 17 (d) of CGST Act, 2017 and hence input tax credit is not available to you.