Shyam Ltd., a registered person, is engaged in the business of spices. It provides following details in relation to GST paid on inward supplies procured by it during the month of March, 2023: S. No. Particulars Amount (₹

Computation of ITC that can be availed by Shyam Ltd. for the month of March 2023 Particulars ITC (₹) Purchase of Raw spices which are sold to customers. 80,000 (Every registered person is entitled to take credit of input tax charged on any supply of goods to him which are used or intended to be used in the course or furtherance of his business.) Purchase of Raw spices for personal use of directors. Nil (ITC is not available on goods used for personal consumption under Section 17(5) of the Central Goods and Services Tax Act, 2017.) Electric machinery purchased for being used in the manufacturing process. 35,000 (Every registered person is entitled to take credit of input tax charged on any supply of goods to him which are used or intended to be used in the course of furtherance of his business.) Motor vehicle used for transportation of employee. Nil (ITC on motor vehicles for transportation of persons with seating capacity ≤ 13 persons (including the driver) is blocked under section 17(5) of the Central Goods and Services Tax Act, 2017 except when the same are used for: (i) making further taxable supply of such motor vehicles (ii) making taxable supply of transportation of passengers (iii) making taxable supply of imparting training on driving such motor vehicles.) Payment made to contractor for construction of staff quarter. Nil [ITC is not available for works contract services when supplied for construction of an immovable property (other than plant and machinery) except where it is an input service for further supply of works contract service. Section 17(5) of the Central Goods and Services Tax Act, 2017] Total Input Tax Credit (ITC) Available 1,15,000