Dear Sir, ITC of Mask & Hand sanitizer purchased by Co. for distributing it to employees is allowed or it shall be blocked as per Sec 17(5)(g) ?
2) Pls tell the extended date for filing GSTR-1 for March’2020 quarter. Also tell the date for filing GSTR-3B for March’2020-June’2020 ??
3) ITC of elevator purchased for Shopping mall by a company is blocked ?? Also tell the reason ??
Frah Saeed Answered question June 7, 2020
- Should be allowed in light of MHA order. However better that on documents it should be stated for office use.
- Please refer to our article “Lets master the GST return filing / payment of tax calender” published on 18th April,2020.
- Yes blocked, as once the lift is installed and commissioned in the building, it becomes integral part of the immoveable property i.e. the building. Accordingly it is blocked u/s 17(5)(c) / (d). However in case the mall is for renting, credit may be availed in light of Orrissa HC judgement in Safari Retreats. Though the matter would be litigative.
It is a request that you kindly ask query on a single category of issue in one query so that the queries are properly classified category wise.
Team Clearmytax.in
Frah Saeed Answered question June 7, 2020