can we claim ITC on inputs for the computer and office stationery purchase for our business purposes
saurabh jain (manager) (174 Points)
09 February 2018can we claim ITC on inputs for the computer and office stationery purchase for our business purposes
Manuraj
(Business)
(211 Points)
Replied 09 February 2018
yes sir, you can easily avail tax paid on stationary & computer...(Reference Sec 16 & 17 of the CGST Act,2017)
CA. Piyush
8899988150
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 09 February 2018
Pankaj Sarkar
(145 Points)
Replied 09 February 2018
malikd
(of)
(35 Points)
Replied 26 April 2018
Yes, ITC is eligible on computer stationery, since it is use in furtherance of bussines & paying GST on output goods & services.
GST input tax credit mechanism allows persons registered under GST to set-off their GST tax liability. Since GST is a consumption based tax, the input tax credit mechanism ensures that the ultimate GST liability is passed on to the consumer. Though input tax credit can be claimed by a person registered under GST for most inputs, some types of goods and services are not eligible for input tax credit claim. In this article, we look at such goods and services, which are not eligible for input tax credit under GST.
Input tax credit can be claimed for motor vehicles or conveyance only when they are used for making a further supply of such vehicles or conveyances or transportation of passengers or imparting training or for transportation of goods. Hence, expenses related to the normal use of motor vehicles for office purposes cannot be claimed as an input tax credit.
Expenses relating to food, beverages and outdoor catering can be claimed as input tax credit only when inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply. Hence, regular taxpayers would not be eligible for claiming input tax credit on expenses relating to food, beverages and catering.
Beauty treatment, health services, cosmetic and plastic surgery related expenses cannot be claimed as input except when inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or as an element of a taxable composite or mixed supply.
Similarly, expenses relating to membership of a club, health and fitness centre is not eligible for input tax credit.
Expenses relating to rent-a-cab facilities, life or health insurance can be claimed as input tax credit only when the Government notifies it as services which are obligatory for an employer to provide to its employees under law. Else, to claim input tax credit, the inward supply must have been used for making an outward taxable supply of the same category or as part of a taxable mixed supply.
Travel benefits extended to employees on vacation such as leave or home travel concession cannot be claimed as input tax credit.
Works contract services, when supplied for construction of an immovable property (other than plant and machinery), cannot be claimed as input tax credit. However, work contract services can be claimed as an input tax credit when it is an input service for the further supply of works contract service.
Goods or services received by a taxable person for construction of an immovable property (other than plant or machinery) on his own account or even when it’s used in the course or furtherance of business cannot be claimed as input tax credit. Under GST Act, construction includes re-construction, renovation, additions or alterations or repairs.
Goods or services received by a non-resident taxable person except on goods imported by him is not eligible for input tax credit.
Know more about GST registration for non-resident taxable person.
Goods or services used for personal consumption is not eligible for input tax credit.
Input tax credit is not available for goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples.
Goods or services or both on which tax has been paid under the Composition Scheme will not be eligible for input tax credit. Also tax paid as interest, penalty or fine will not be eligilbe for input tax credit.
stan
(article assistant)
(22 Points)
Replied 10 June 2019
is GST on purchase of stationary to be classified as input or input service for filing GSTR 9?
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