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What activities are blocked/ineligible for ITC?

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What activities are blocked/ineligible for ITC?
posted Dec 28, 2017 by Prajwal C.m.

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1 Answer

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i. Motor vehicles and other conveyances
ii. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery
iii. Rent-a-cab, life insurance and health insurance
iv. Travel benefits extended to employees on vacation such as leave or home travel concession
v. Works contract services when supplied for construction of an immovable property (other than plant and machinery)
vi. Goods or services received by a taxable person for construction of an immovable property (other than plant and machinery) on his own account including when such goods or services or both are used in course or furtherance of business
vii. Goods or services or both on which tax has been paid under section 10 (composition scheme)
viii. Goods or services or both used for personal consumption
ix. Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples
x. Any tax paid in terms of sections 74, 129 and 130 of CGST Act. This covers GST paid after detection of fraud or suppression or goods removed in contravention of GST Act

answer Jan 2, 2018 by Shubham Rajput
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