Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

ITC ON MASK PURCHASE

10 June 2020

Whether input tax credit is available on purchase of mask and gloves ? which is used by employee for safety from COVID 19

Reply
Follow
Share

6 Replies

Padmanabhan (Student) (1321 Points)
Replied 10 June 2020

Yes you can

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

monika bhansali (nil) (36 Points)
Replied 10 June 2020

Yes, ITC should be available as it is not for personal use or gift by company nor personal consumption...for furtherance of business it is mandatory to provide these stuff to employees

1 Like

Shivam RC (Student) (23683 Points)
Replied 10 June 2020

Yes you can claim ITC on Face Mask and Gloves purchased for Employees. It's for furtherance of business.

As per the Provision of Section 16(1) of the CGST Act 2017, Input Tax Credit ( ITC ) on Inputs, Input Services and Capital Goods used in the course of or furtherance of business can be "CLAIMED" ( subject to Section 17(5) of the CGST Act 2017 ).

Regards,
Shivam RC.

3 Like