Can we claim GST Paid on AC Purchase for Office Use ?
sathya kumar s (AUDIT STAFF) (183 Points)
15 June 2022Can we claim GST Paid on AC Purchase for Office Use ?
Eswar Reddy S
(CFO- at NHTF)
(58259 Points)
Replied 15 June 2022
sathya kumar s
(AUDIT STAFF)
(183 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 )
(13597 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)
(4969 Points)
Replied 15 June 2022
Yes, you can claim the ITC.
sathya kumar s
(AUDIT STAFF)
(183 Points)
Replied 15 June 2022
Kesavaraj S
(578 Points)
Replied 15 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 15 June 2022
Eswar Reddy S
(CFO- at NHTF)
(58259 Points)
Replied 16 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 16 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 16 June 2022
CAclubindia
