Q. 460 WE ARE TRADERS REQUEST TO CLARIFY THAT WE PURCHASED PAINTS FOR SHOP BUIDLING CAN WE AVAIL ITC FOR THE SAME ?

Ans. As per section 17(5), input tax credit is available for routine construction services of factory building. But to avail ITC, the expenses should not be capitalised in books of account. In the above case, you can claim ITC.

Q. 459 I KNOW THAT TABLE NO.14 OF GSTR-9C IS OPTIONAL. IF A REGISTERED PERSON HAS ELIABLE ITC ( purchases)OF RS.10 OUT OF WHICH 8 CLAIMED IN THE SAME CURRENT YEAR AND Rs.2 claimed in the subsequent financial year within the time limit specified under section 16(4). whether Rs. 10 will be mentioned in coloum no. 3 & 4 of table 14A. WHETHER AMOUNT OF RS. 2APPEARING IN 14T IS CORRECT? WHETHER IT IS CORRECT TO MENTION IN TABLE 15 OF 9C THAT ITC OF RS.2 BOOKED IN CURRENT YEAR BUT CLAIMED IN SUBSEQUENT YEAR? WHETHET AMOUNT MENTIONED TABLE 8C AND TABLE 13 OF GSTR 9 AND AMOUNT OF TABLE 14T OF FORM 9C SHOULD BE EQAL IN MY EXAMPLE ?

Ans. In GSTR-9C, table 14 shows classification of expenses on which ITC is claimed in FY 2021-2022’ As table 14 is optional, you can declare all eligible ITC pertaining to FY 21-22. And it has to be matched with ITC claimed in GSTR-9. If the same is showing some differences, then you may use table 15 for explanations. Ideally, the figures appearing in table 8C of GSTR-9 and Table 14T of GSTR-9C should be matched.

Q. 458 My client is a works contarctor and registered in delhi only. He is working in Bihar. Can he purchase goods from Bihar to work in Bihar by using bill to ship to model ?

Ans. The above transaction can be done through bill to ship to model.