Vivek Ltd., a registered supplier, is engaged in the manufacture of Tanks. The company provides the following information pertaining to GST paid on the purchases made/ input services availed by it during the month of Jan

Answer 2(c) Determination of the amount of ITC available to Vivek Ltd. For the month of January 2025 S. No. Particulars (Amount in ₹) 1 Purchase of Machinery where debit note is issued [ITC can be availed on the basis of debit note issued by the supplier in accordance with Rule 36 of CGST Rules, 2017] 2,00,000 2 Input purchased was directly delivered to Sushil, a job worker and a registered supplier [As per Explanation to Section 16(2), it shall be deemed that the registered person has received the goods where the goods are delivered by the supplier to a recipient or any other person on the direction of such registered person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to goods or otherwise. Thus, ITC can be availed in case the goods are directly delivered to job-worker on direction of Vivek Ltd.] 1,00,000 3 Computers purchased (Depreciation was claimed on the said GST portion under the Income-tax Act, 1961) [As per Section 16(3), where the registered person has claimed depreciation on the tax component of the cost of capital goods and plant and machinery under the provisions of the Income-tax Act, 1961, the input tax credit on the said tax component shall not be allowed.] - 4 Works Contract services availed for construction of Staff quarters within the company premises [The same comes under the ambit of blocked credit u/s 17(5)(c), hence ITC shall not be admissible] - Total Input tax credit available 3,00,000