ITC on tax paid under RCM

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..... ITC on tax paid under RCM
Query (Issue) Started By: - RAJNI TOMAR Dated:- 15-10-2017 Last Reply Date:- 18-10-2017 Goods and Services Tax - GST
Got 8 Replies
GST
Dear Expert, We received some food goods (Namkin etc.) and sponsorship services from unregistered person and paid GST under RCM. can we eligible for availed ITC thereon? Thanks in advance Reply By RAJA SWAMINATHAN: The Rep .....

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..... ly: The Tax paid on reverse charge basis including purchases from unregistered dealers will be available for input tax credit provided such goods and/or services are used, for business purpoes and not for personal use. Peron receiving the service or goods can avail input tax credit. Reply By Rajagopalan Ranganathan: The Reply: Sir, In respect of sponsorship service supplied by unregistered per .....

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..... son you can avail the ITC of gst paid on such service under RCM. However regarding Namkin I have my own doubt since normally namkin is for personal consumption of the recipient. Reply By KASTURI SETHI: The Reply: Not admissible. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagoapalan Reply By Ravikumar muthusamy: The Reply: can we claim it on the basis as gifts t .....

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..... o employees? Reply By KASTURI SETHI: The Reply: Not at all. Reply By Ravikumar muthusamy: The Reply: note sir thank you Reply By Himansu Sekhar: The Reply: On namkins, ITC is not available. But if sponsorship service is for business purpose, ITC is available
Discussion Forum - Knowledge Sharing .....

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