1. Transportation of Goods and passengers.

2. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery except where the category of Inward and outward supply is same or the component belongs to a mixed or composite supply under GST.

3. Sale of membership in a club, health and fitness studio.

4. Rent – a – cab, health insurance or life insurance except the following –

  • Any services which are made obligatory for an employer to provide to its employee y the Indian Government under any current law in force.
  • Where the category is same for the inward and outward supply or it is a part of the mixed or composite supply.
  • In the case of travel, benefits extended to employees on vacation such as leave or home travel concession.

5. Work Contract Services

6. No ITC shall be provided for materials used in the construction of immovable property for furtherance of business

7. Composition Scheme

8. ITC cannot be availed on goods or services or both received by a non – resident taxable person except for any of the goods imported by him.

9. Goods or services used for personal consumption and not for business purpose.

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

11. ITC will not be available in the case of any tax paid due to non or short tax payment, excessive refund or ITC utilized or availed by the reason of fraud or willful misstatement or suppression of facts or confiscation and seizure of goods.

Author Bio

Qualification: CA in Practice
Company: N/A
Location: Rajasthan, IN
Member Since: 28 Jun 2017 | Total Posts: 3

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February 2024