(a) Input tax credit in following cases shall be available only fulfilment
of specific conditions mentioned in column 3 below:
S. No. |
Goods or Services for which ITC is available on fulfillment of certain conditions |
Conditions for taking ITC for goods and/or services mentioned in column 2 |
1. |
Motor vehicles and Other Conveyances |
Used for transportation of Goods |
2. |
Motor vehicles and Other Conveyances |
For Making Taxable Supplies of :-
(a) Further supply of Vehicles or conveyance
(b) Transportation of passengers
(c) Imparting Training on driving, flying, navigating such vehicles or conveyances |
3. |
Food/beverages |
If Outward Taxable Supply is Food/ beverages |
4. |
Outdoor Catering |
If Outward Taxable Supply is outdoor catering |
5. |
Beauty treatment |
If Outward Taxable Supply is beauty treatment |
6. |
Health Services |
If Outward Taxable Supply is health services |
7. |
Cosmetic/Plastic Surgery |
If Outward Taxable Supply is cosmetic/ plastic surgery. |
8. |
Rent-a-Cab |
Government notifies it which are obligatory for employer to provide to its employees under any law in force. |
9. |
Travel benefits to employees on vacation such as Leave or home Travel Concession |
|
10. |
Life and health insurance |
Government notifies it which are obligatory for employer to provide to its employees under any law in force. |
11. |
Works Contract Service for construction of immovable property
“Construction” includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalization, to the said immovable property, |
- Works contract service if for construction of Plant and Machinery
- Works contract Service if input service for further supply of works contract service
Plant and Machinery’ means apparatus, equipment and machinery, fixed to earth by foundation or structural support that are used for making outward supply and includes such foundation and structural supports but excludes:
- land, building or any other civil structure
- Telecommunication towers; and
- Pipelines laid outside the factory premise |
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12. |
Goods/services received on own account for construction of immovable property
Construction includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalization, to the said immovable property. |
Goods/services, received on account, for construction of Plant and Machinery
‘Plant and Machinery’ means apparatus, equipment, machinery, pipelines, telecommunication tower fixed to earth by foundation or structural support that are used for making outward supply and includes such foundation and structural supports but excludes.
Land, building or any other civil structure
Telecommunication towers
Pipelines laid outside the factory premise. |
(b) Input tax credit shall not be available for inward supply of following goods and/or services:
I. Membership of club
II. Health and fitness center
III. Travel benefits to employees on vacation such as Leave or home Travel Concession
IV. Where tax has been paid in composition scheme on goods
V. Goods and/or services used for personal consumption;
VI. Goods lost, stolen, destroyed, written off or disposed of by way f gift or free samples; and
VII. Any tax that has been paid in pursuance of any order where demand has been confirmed on account of any fraud, willful misstatement, suppression of facts or paid under sections 129, 130 of the CGST Act. |
