credit of gst

[dinesh garg]

sir we are manufecturing and exporting co of henna powder so please tell can we claim input gst of mobile bill insurence and any kind services

[KASTURI SETHI]

As per Section 16 of CGST Act, 2017 you can avail ITC if you can prove that the services have been used in the course or furtherance of business of registered person. So the issue has to be examined service-wise.

[Ramesh Kothari]

Same answer as Mr. Kasturi Sethi

 

AI Summary

Input tax credit allowed only where services are used in course or furtherance of business; assess each service individually.
Claiming Input Tax Credit on mobile bills, insurance and other services depends on demonstrating that each service was used in the course or furtherance of the business of the registered person; therefore entitlement must be assessed service wise rather than assumed for all listed services.