Input Tax Credit Under GST Not allowed in Certain Circumstances

Reblogging this interesting topic on my blog as on 26th August 2017 at 18:05 Hours IST. CA VIKRAM SHANKAR MATHUR

ACA SOURAV BAGARIA

Input Tax Credit Under GST Not allowed in Certain Circumstances

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Input-Tax-Credit-Under-GST-India

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Input Tax Credits Not allowed in Following Eleven Circumstances as per Section 17(5)-

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1. Motor Vehicles and other Conveyances except when such Vehicle used for –
(a) Sale of Such Vehicles or conveyance; (Like Car Dealers)
(b) Transportation of passengers; or
(c) Imparting training on driving, flying, navigating such vehicles or conveyance;
(d) Transportation of goods

2. Supply of goods or services or both –
i. Food and Beverages, Outdoor Catering, Beauty treatment, Health services, Cosmetic and plastic surgery except when dealer is in the business of sale or service of such items
ii. Membership of a club, health and fitness centre,

3. Rent-a-cab, Life insurance, Health insurance except
(i) where the Government notifies the services which are obligatory for an employer to provide to its employees
under any law for the time being in force;
(ii) when…

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