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Blocked Credit Under GST

The GST law provides for the concept of blocked credit, which is a type of input tax credit that is not allowed to be claimed by a taxpayer. This is because the credit is blocked under the GST law, and the taxpayer is not allowed to take this credit. This course covers eligibility conditions for availing ITC, apportionment of credit, blockage of credit, Credit on Works Contract, free gifts, samples, goods lost, stolen or destroyed etc.
Nidhi Gupta
Faculty Instructor
Nidhi Gupta
Start Date
01 Apr 2023
End Date
02 Apr 2023
duration
Duration :
4 Hrs
lesson
Lessons :
2
timer

Time :

AM
-
PM

₹707

₹999

+GST
Course Unavailable

Who should take the Course?

  • CA / CS / CMA in practice
  • Graduates of B.COM and M.COM /CA/CS/CMA/Law students
  • Lawyers and advocates interested in exploring career opportunities in GST
  • Any other Interested person seeking to advance their careers in GST

What will be Covered in the Course?

  • Eligibility conditions for availing ITC.
  • Apportionment of Credit
    1. Meaning of Taxable & Exempt Supply
    2. Credit used exclusively for Taxable supply / exempt supply.
    3. Common Credit.
    4. Supplies for personal consumption etc.
    5. How to apportion the credit
  • Blockage of Credit in respect of
    1. Motor Vehicles, Vessels and Aircraft; their servicing repair & maintenance.
    2. Food & Beverages, Outdoor Catering,
    3. Beauty Treatment, Health Services, Cosmetic & Plastic Surgery.
    4. Membership of Club, Health and Fitness Centre.
    5. Goods & Services provided to employees.
    6. Travel benefits to employee.
  • ITC on Works Contract  and Construction of Immovable Property related issues such as:
    1. Installation of lift
    2. Overhead crane.
    3. Construction of warehouse for leasing.
    4. Civil construction for installation of machinery etc.
  • Credit on free gifts, samples, goods lost, stolen or destroyed etc.
  •  ITC & Tax paid under Section 74, 129 and 130.