Input Tax Credit negative list restricts credit for certain vehicles, personal consumption, specified services and construction-related supplies. A negative list disallows Input Tax Credit on specified items: certain motor vehicles except where supplied in the ordinary course of business or used for passenger/goods transport or driving training; goods/services relating to food, catering, personal care, insurance, club membership and employee travel when primarily for personal use; goods/services acquired by a principal for works contracts resulting in construction of immovable property other than plant and machinery; goods used in such construction whose property is not transferred; supplies where tax is paid under alternate provisions; and goods/services used for private consumption.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input Tax Credit negative list restricts credit for certain vehicles, personal consumption, specified services and construction-related supplies.
A negative list disallows Input Tax Credit on specified items: certain motor vehicles except where supplied in the ordinary course of business or used for passenger/goods transport or driving training; goods/services relating to food, catering, personal care, insurance, club membership and employee travel when primarily for personal use; goods/services acquired by a principal for works contracts resulting in construction of immovable property other than plant and machinery; goods used in such construction whose property is not transferred; supplies where tax is paid under alternate provisions; and goods/services used for private consumption.
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