Скачать или смотреть 🚫 Blocked ITC under GST

Blocked ITC under GST Act Section 17(5) 🚫
If you Buy any of Below Goods or Services and Paid GST while purchase, do not claim ITC:
1. Motor Vehicles 🚗
Personal use (≤ 13 seats), unless for resale, passenger transport, or driving training.

2.Vessels & Aircraft ✈️🛥️
Unless for resale, passenger/goods transport, or training.

3. Related Services 🛠️
Insurance, repairs for vehicles, vessels, aircraft, unless for resale or by manufacturers/insurers.

4.Food & Beverages 🍽️
Catering, beauty, health, cosmetic services, except for resale.

5. Club Membership 🏋️
Health & fitness centers.

6.Employee Travel 🏝️
Vacation, leave travel, unless required by law.

7.Works Contract 🏗️
For immovable property, unless for resale.

8.Immovable Property 🚧
Construction for own use, except plant/machinery.

9.Composition Scheme 🌟
Goods/services under Section 10.

10.Non-Resident Taxpayer 🛂
Except imported goods.

11.CSR Activities 🤝
Corporate social responsibility.

12Personal Use 🍿
Personal consumption goods/services.

13.Lost/Stolen Goods ❌
Lost, stolen, destroyed, or given as gifts/samples.

14.Tax Penalties 💰
Taxes paid under sections 74, 129, 130

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