Can we claim GST Paid on AC Purchase for Office Use ?
26 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 15 June 2022
Yes . It may be done if GSTIN is given for invoice
sathya kumar s
(Accountant)
(199 Points)
Replied 15 June 2022
GSTIN is Given and It is reflected in GSTR 2B Also.
My Question is do such ITC Fall under Blocked Credits Under Section 17(5) of GST Act or Not.
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 15 June 2022
No it does not fall under blocked credit in section 17(5). You can take the credit of the same but there may be an issue regarding allowability of the same if you are dealing in exempted goods only or where you have negligible taxable sale and major sale of exempted sale.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 15 June 2022
Yes, you can claim the ITC.
sathya kumar s
(Accountant)
(199 Points)
Replied 15 June 2022
Thanks for the reply to all.... All goods are taxable only @ goyal sir....
Kesavaraj S
(578 Points)
Replied 15 June 2022
Yes...you can take itc if it is used for office purpose...
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 15 June 2022
ITC for AC purchased for business purpose is available, however if you deal in exempted goods then same is available proportionately as per Rule 42/43.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 June 2022
It depends on various factors whether to claim ITC or not .
It should appear GSTR-2B and it should be from registered person.
It should appear GSTR-2B and it should be from registered person.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
You have some problem or what ????
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 June 2022
Stop repeating your replies, increase your knowledge to reply in one shot @ eshwar Reddy . I think it's easy for Some literate person to understand what is meaning of replying once or single reply or non repeatedly reply. Even after saying on about more than 50 post you are replying again and again like a fool.
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
