Blocked Credit (ITC) | GST | Section 17(5) | CA. Jitendra Kumar

[@hameedgreen5808]

Your videos are very useful. I have seen almost many videos to understand ELECTRONIC Cash/CREDIT/Liability but fully understood watching your detailed well explained"Tally Prime में GST Electronic Cash Ledger, Credit Ledger and Liability Register कैसे Maintain करें" Thankyou very much

[@CA.JitendraKumar]

It’s my pleasure. Thanks 🙏.

[@VikashJha-wo2fu]

@@CA.JitendraKumar 👍👍👍👍👍

[@dhruv1813]

Very good video on Blocked Credit under GST. Thankyou sir.

[@savitakumbhar2044]

Nice video

[@jhavikashkumargajendraindudevi]

👍👍👍👍👍👍👍👍

[@knowledgewithhasu4716]

Sir GST Registration me supplier ka legal name and trade name different Hai GSTR 2A/2B me supplier ka konsa name reflect Hoga trade name or legal name?

[@CA.JitendraKumar]

Trade name of the supplier will be displayed. If trade name is not available, then legal name will be displayed.

[@coscomosco4388]

Nicely explained got an general idea.

[@manishkain719]

Company manpower supply karti hai aur unhone apne employees ka health insurance karwaya hai to kya wo itc claim kar sakti hai?

[@CA.JitendraKumar]

Under Section 17(5)(b) of the CGST Act, a business cannot claim GST paid on health insurance as an input tax credit or ITC. However, it can claim ITC on GST on health insurance for its employees only if it is mandated under any labour law in India that it is obligatory to buy health insurance policies for the employees.

[@super3039]

Subsection 5 बोलते है...clouse नहीं

[@VINODRAWAT-f3e]

Drinking Glass purchase business purpose ke liya tho kya itc claim karnaakta hai

[@CA.JitendraKumar]

Yes, subject to section 17(5) (blocked credit).

[@madhurijena5567]

Is ITC allowed for welfare expenses of employees, rent of business premise

[@CA.JitendraKumar]

ITC on staff welfare expenses may be claimed if the expenses are directly related to business operations and not blocked under Section 17(5) of the CGST Act, which disallows ITC on personal consumption.

[@CA.JitendraKumar]

ITC on rent of business premises is allowable.

[@pranavkumbhar7708]

Thanks you sir ji

[@Jagiya024]

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[@VIKASHKUMAR-qv4vn]

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