TaxTMI 
TaxTMI 
TaxTMI 
INPUT TAX CREDIT BLOCKED U/S 17(2) & 17(3) OF CGST ACT 2017
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....NPUT TAX CREDIT BLOCKED U/S 17(2) & 17(3) OF CGST ACT 2017<br> Query (Issue) Started By: - SSOE SSOE Dated:- 26-6-2021 Last Reply Date:- 7-7-2021 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<b....
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....r>Dear Sir/Madam We are Gst registered Sole proprietorship concern providing security services to our clients through third party security agency.Security agency being non body corporate raise Rcm in....
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....voice on us and we raise Rcm invoice on our client being Gst registered person located in taxable territory. As per Sec 17(2) read with Sec17(3) ,among other things, input tax credit is not allowed i....
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....f the outward supply is chargeable under reverse charge.Due to this we are loosing input tax credit paid under rcm basis even in trading of service which should not be the motive of the Gst law. Repl....
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....y By Shilpi Jain: The Reply: See if u can act as a facilitator and charge gst only on your margin. Claim the 3rd party security charges as a pure agent reimbursement. This however will also depend on....
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.... your business feasibility. Reply By ABHISHEK TRIPATHI: The Reply: M/s SSOE, You have rightly pointed the lapse of credit because of rcm. 17(2) r/w 17(3) is the obstacle for you. You need to rec....
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....onsider the business arrangement/model.<br> Discussion Forum - Knowledge Sharing ....