GST Hindi Rule 42-No Input tax credit |Purchases on which ITC is not available |Ineligible purchases


GST Hindi Rule 42-No Input tax credit |Purchases on which ITC is not available |Ineligible purchases

48 comments on “GST Hindi Rule 42-No Input tax credit |Purchases on which ITC is not available |Ineligible purchases

  1. Please let us know that we shall we avail the ITC on expenses done by our employees and we are just reimbursing the money to them

  2. mam maine apna gst registration cancellation ki application 8 January ko sumbit ki thi lekin abhi tak koie response nahi mila hai ye kab tak cancel hoga.

  3. Madam agar GST Me Franchise deposit par laghuwa …GST ITC agar supplied invoice partner ke individual name se Mila hoga to milegala kya….GST NO usme bataya nahi hai

  4. Dear mam,
    we are manufacturer and we have 4 vehicle for goods forwarding then we able to get ITC on vehicle purchase.

  5. Hello Divya do you have any video on the concept of GST in case of travel agents who are booking tickets for the traveler from big player like tek travels pvt ltd

  6. Mam can itc claim on prepaid insurance premium (factory insurance for 3 years), can all amt of gst claim in the year premium has paid, means full gst claim in the year of payment or proportionate claim this year n balance carry forward to next year?

  7. Mam mana april ka return file kiya on 8 may bt mana usma HSN code nahi fill kiya toh kohi dikat hogi kya mera turnover 1.5 cr sa nicha ha

  8. Mam my one dealer forget to upload my purchase bill in his gstr1 for month March. Can he upload this bill in next gstr1 for month july.he filles quarter basis.

  9. Hello mem my question is our company is Frozen Fish Export we export under LUT Bond without igst and we avail Duty Draw Back so. We eligible for ITC or not pls ans to my email id

  10. HELLO MAM CAN YOU PLEASE HELP ME ABOUT DRAWBACK OF EXPORT (WHEN WE CAN TAKE DRAWBACK) AND INPUT TAX CREDIT OF GST (WHEN WE CAN TAKE INPUT CREDIT) UNDER GST OUTPUT PAID OR UNDER LUT. WHEN WE ELGIABLE TO TAKE IN ONE OF ABOVE AND WHEN BOTH AT SAME TIME. (EMAI:- [email protected])

  11. Mam my client deal in seeds and fertilizer and gst rate on seeds is nil and some fertilizer taxable under gst so i am knowing you how to reversal itc as per rules 42 and my client sale seeds as nil and fertilizer sale as per gst rate and itc of my client only for fertilizer so no common itc in this situation so help me

  12. Dear madam I have purchased a computer for my business not for resale but I want to claim depreciation on it . for that shall i claim gst itc dividing it into 5 years the tax of computer or full gst amount we should reverse and itc should not be claimed ? please help me out in this thanks my email is [email protected] thanks & Regards

  13. Please use excel for calculation to understand the concept of taking credit of capital goods b/z it is easy to understand to anyone thanks…..

  14. i have some doubts please clear it by solving following example
    purchase cotton seed @5% gst say 1000(net)+50(25+25)(cgst+sgst)=1050 total invoice value., we extract oil from seed by way of crushing /manufacturing, producing cotton cake @ 0% gst sale for rs. 800 and cotton wash/raw oil @5% gst sale for rs.400(net)+20(10+10)(cgst+sgst)=420 total invoice value, now tell me how to calculate input tax credit and set off claimed and gst liability/refund(if any)……

  15. Hello madam while filling income tax file fy- 2017 – 18 we need to reconcile after Gstr-2a purchase only show in income tax or as per Already filled Gstr- 3b.kindly clarify

  16. Thanks a lot sharing valuable information for calculation of Tax Liability – Looking forward for many in coming days

  17. Ma'am whether ITC Is available for gst levied on bank charges charged by bank,gst levied on interest part of EMI of a loan,i insurance other than health &life insurance .

  18. Mam maine this month galti se igst me 40000 itc le Liya he
    Jab ki meri purchase intra state he
    Iss ko kese reversal karu please bataaye

  19. Ma'am, if someone availing input purchase or service for personal use then they intentionally not reversing ITC then how department will come to know that Dealer availed wrong ITC ?????????????

  20. Mam, I have query.
    Actually my business Income source in 2 types :-
    1) Rent on Immovable Property &
    2) Interest received on loan (Finance)
    & Our all others inputs are relating to Rent on Immovable property except following:-
    1) Consultant Fees
    2) Legal Fees
    3) Manpower Services
    Then I have a query is that, can in this case comman ITC will apply?
    As per my knowledge –
    1) Interest Income against loan ( Finance) is exempt from the GST and specifically comes under "NIL" rated supplies.
    2) Hence in that case the comman ITC will not be able to apply.
    Am I right????
    Please confirm….
    Thank you

Leave a Reply

Your email address will not be published. Required fields are marked *