Negative List of Input Tax Credit in GST

429

INPUT TAX CREDIT OF MOTOR VEHICLES

NATURE OF BUSINESS NATURE OF VEHICLE ITC CLAIM
Dealer of Motor Vehicle Any Vehicle Full ITC can be claimed
Passenger Transportation Vehicle used for Passenger Transportation 

Any Other vehicle

Full ITC can be claimed 

 

ITC cannot be claimed

Training relating to driving of such vehicle Vehicle used for training 

Any other Vehicle

Full ITC can be claimed 

ITC cannot be claimed

Any other business Vehicle used for transportation of goods 

Any other vehicle

Full ITC can be claimed 

ITC cannot be claimed

INPUT TAX CREDIT ON OTHER ITMES

NATURE ITC CLAIM EXCEPTIONS
Food & Beverages ITC cannot be claimed If engaged in similar line of business, then Full ITC can be claimed on these items
Outdoor catering ITC cannot be claimed
Beauty treatment services ITC cannot be claimed
Health services ITC cannot be claimed
Cosmetic and plastic surgery ITC cannot be claimed
Rent a cab service ITC cannot be claimed If engaged in similar line of business or there is mandatory requirement from government to provide such services by employer to employee then full ITC can be claimed on these items
Life Insurance service ITC cannot be claimed
Health Insurance service ITC cannot be claimed
Membership of a club, health & fitness Centre ITC cannot be claimed No exception
LTA benefit extended to employees ITC cannot be claimed No exception
Construction Contract Services for construction of immovable property ITC cannot be claimed If engaged in similar line of business, then Full ITC can be claimed on these items
ITC on goods and services used for self-construction of building cost of which is capitalized in books ITC Cannot be claimed No exception

 

Amit Mundhra FCA

Author is member of ICAI and this information is compiled for informational and educational purpose only. He can be reached at Email : amit.mundhra@gmail.com

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