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ITC CLAIM OF BEAUTY PARLOUR


subhagan sreerangam   10 February 2021

subhagan sreerangam

 216 likes  6786 points

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Can a Beauty Parlour Service Provider with Turnover of less than 20 lakhs Claim on ITC?.Is it Possible to take the tax paid on purchase of Soap,Blade,Cream,Lotion,Paste,Towel etc for Service as ITC and Setoff the Output Tax Liability.
Analytic Business Consulting

Analytic Business Consulting   10 February 2021

Analytic Business Consulting

 6 likes  80 points

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As per my views you could claim the ITC on the expenses met in the furtherance of business unless it is expressly mentioned in blocked credit section 17(5).

Since, the turnover is below 20 Lakh, the registration will be under voluntary registration category. While claiming ITC you should keep in mind that the GST will be applicable for the service charges charged by the beauty parlour also.

I hope that this would help you.
robin garg

robin garg (ipcc)     10 February 2021

robin garg
ipcc 
 12 likes  275 points

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Yes you can avail the ITC as you are registered person and input goods and services are directly related to outward supplies

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