GST Claims & Blocked ITC Under Section 17(5) | Tamil
Learn about blocked ITC under GST Section 17(5) when purchasing certain goods/services and paying GST. π« #gst #shortvideo

Tax with Suriya
8.3K views β’ Nov 20, 2024

About this video
Blocked ITC under GST Act Section 17(5) π«
If you Buy any of Below Goods or Services and Paid GST while purchase, do not claim ITC:
1. Motor Vehicles π Personal use (β€ 13 seats), unless for resale, passenger transport, or driving training.
2.Vessels & Aircraft βοΈπ₯οΈ Unless for resale, passenger/goods transport, or training.
3. Related Services π οΈ Insurance, repairs for vehicles, vessels, aircraft, unless for resale or by manufacturers/insurers.
4.Food & Beverages π½οΈ Catering, beauty, health, cosmetic services, except for resale.
5. Club Membership ποΈ Health & fitness centers. 6.Employee Travel ποΈ Vacation, leave travel, unless required by law.
7.Works Contract ποΈ For immovable property, unless for resale. 8.Immovable Property π§ Construction for own use, except plant/machinery. 9.Composition Scheme π Goods/services under Section 10.
10.Non-Resident Taxpayer π Except imported goods.
11.CSR Activities π€ Corporate social responsibility.
12. Personal Use πΏ Personal consumption goods/services.
13.Lost/Stolen Goods β Lost, stolen, destroyed, or given as gifts/samples. 14.Tax Penalties π° Taxes paid under sections 74, 129, 130
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For all your financial queries... Reach us at
tax.casuriya@gmail.com π
WhatsApp: 99763 72162
Enjoy the Video till end.
Do Subscribe, Share, Like and comment.
/ @taxwithsuriya
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β₯Like π β₯ Share β₯ Subscribe β₯ Press π
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Disclaimer: our videos are for educational purposes only, we will not be responsible in any circumstances for any decision which you have taken after watching the content
If you Buy any of Below Goods or Services and Paid GST while purchase, do not claim ITC:
1. Motor Vehicles π Personal use (β€ 13 seats), unless for resale, passenger transport, or driving training.
2.Vessels & Aircraft βοΈπ₯οΈ Unless for resale, passenger/goods transport, or training.
3. Related Services π οΈ Insurance, repairs for vehicles, vessels, aircraft, unless for resale or by manufacturers/insurers.
4.Food & Beverages π½οΈ Catering, beauty, health, cosmetic services, except for resale.
5. Club Membership ποΈ Health & fitness centers. 6.Employee Travel ποΈ Vacation, leave travel, unless required by law.
7.Works Contract ποΈ For immovable property, unless for resale. 8.Immovable Property π§ Construction for own use, except plant/machinery. 9.Composition Scheme π Goods/services under Section 10.
10.Non-Resident Taxpayer π Except imported goods.
11.CSR Activities π€ Corporate social responsibility.
12. Personal Use πΏ Personal consumption goods/services.
13.Lost/Stolen Goods β Lost, stolen, destroyed, or given as gifts/samples. 14.Tax Penalties π° Taxes paid under sections 74, 129, 130
[ GST, GST ITC, Blocked Input Tax Credit under GST, Input Tax Credit, Tax, Income Tax, Save tax, Save GST, GST number, Business, Online, Sale, Purchase, Buy, New, GST Scam, GST Invoice, GST law, GST Rules] #youtubeshorts #trending #viral #shortsvideos #shorts #youtubeshorts #youtubeindia #gst itc in tamil #eligible itc under gst #conditions to claim gst credit #blocked credit in gst #gstupdate, #gstITC, #ITCreversal, #Ineligibleitc, #gsttamil, #gstlesson #learngst #gstlatestupdate
For all your financial queries... Reach us at
tax.casuriya@gmail.com π
WhatsApp: 99763 72162
Enjoy the Video till end.
Do Subscribe, Share, Like and comment.
/ @taxwithsuriya
_____________________________________________________________
β₯Like π β₯ Share β₯ Subscribe β₯ Press π
_____________________________________________________________
Disclaimer: our videos are for educational purposes only, we will not be responsible in any circumstances for any decision which you have taken after watching the content
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Video Information
Views
8.3K
Likes
204
Duration
0:59
Published
Nov 20, 2024
User Reviews
4.6
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