You are currently viewing INELIGIBLE / BLOCKED  CREDIT UNDER GST

INELIGIBLE / BLOCKED CREDIT UNDER GST

ITC of tax paid on almost every input and input services used for supply of taxable goods or services, or both is allowed under GST except a  list of items provided u/s 17(5). As per this proviso, A registered person is not eligible to take input credits on GST paid on goods and services received under section 17(5) of CGST Act 2017.

Lets have a look in the detailed list which is as follows :

1.    Motor Vehicles

         For transportation of PERSONS

         With seating capacity ≤ 13 persons (including the driver)

 

EXCEPT when such Motor Vehicles are used for making the following taxable supplies:

ü Further supply of such vehicles or

ü Transportation of passengers or

ü Imparting training on driving such motor vehicles.

Points:

         ITC on motor vehicles for transportation of persons with seating capacity ≤ 13 persons (including the driver) used for any purpose other than purposes specified in exceptions is not allowed.

         ITC on motor vehicles for transportation of persons with seating capacity > 13 persons (including the driver) used for any purpose is allowed.

         ITC on any other motor vehicle (e.g., motor vehicle used for transportation of goods, dumpers, tippers etc.) used for any purpose is allowed.

 

2.    Vessels and Aircraft

EXCEPT when such Vessels and Aircrafts are used for –

ü Making further taxable supply of such vessels and aircraft.

ü Making taxable supply of transportation of passengers.

ü Making taxable supply of imparting training on navigating such vessels.

ü Making taxable supply of imparting training on flying such aircrafts.

ü Transportation of goods

Points:

         ITC is NOT allowed on Vessels and Aircraft used for any purpose other than purposes specified in exceptions.

         ITC is allowed on aircraft purchased by an Aviation School providing training on flying aircrafts.

 

3.    Services in form of ……

ü General Insurance

ü Servicing

ü Repair and maintenance

Relating to:                                         

         Motor Vehicles for transportation of persons with seating capacity ≤ 13 persons (including the driver)

         Vessels / Aircraft

EXECPT when

         Such motor vehicles are used for making the taxable supplies covered in exceptions in point (10) above.

         Such vessels and aircraft are used for making the taxable supplies covered in point (2) above.

Points:

         ITC is NOT allowed on above services if these are provided relating to Motor Vehicles, Vessels and Aircraft on which ITC is NOT allowed.

         ITC is allowed on above services if these are provided relating to motor vehicles, Vessels and Aircraft on which ITC is allowed.

 

4.    Services in form of …….

ü Foods and beverages

ü Outdoor catering

ü Beauty treatment

ü Health services

ü Cosmetic and plastic surgery

ü Leasing, renting, or hiring of motor vehicles, vessels and aircraft on which ITC is NOT allowed

ü Life and Health Insurance.

EXCEPT when an inward supply of these is used

         By a registered person

·       For making an outward taxable supply of the same category of goods and/or services (sub-contracting)

·       As an element of a taxable composite or mixed supply.

         By an employer

·       To its employees under a statutory obligation

 

5.    Membership of a club, health, and fitness centre

EXCEPT when such services are provided

         By an employer

·       To its employees under a statutory obligation

 

6.    Travel benefits to employees on vacation such as LTC or home travel concession

EXCEPT when such services are provided

         By an employer

·       To its employees under a statutory obligation

 

7.    Works contracts services for construction of an immovable property

EXCEPT when

         It is input service for further supply of works contract service

         Immovable property is plant and machinery

8.    Inward supplies received by a taxable person for construction of an immovable property (other than plant and machinery) on his own account even when such supplies are used in the course or furtherance of business.

 

9.    Inward supplies on which tax has been paid under the composition scheme.

 

10.           Inward supplies received by a non-resident taxable person 

EXCEPT goods imported by him

11. Goods and /or services used for personal consumption

12. Goods that are lost, stolen, destroyed, written off or disposed of by way of gift or free samples.

13. Tax paid under section 74, 129 and 130.

  These sections prescribe the provisions relating to tax paid as a result of evasion of taxes, or upon detention of goods or conveyances in transit, or towards redemption of confiscated goods/conveyances.

 Thanks for Reading!!!

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