Find from the following which inward supplies are not eligible under section 17(5) of the CGST Act for input tax credit (ITC) in case of a company who is engaged in manufacturing of Paints and Chemicals:

CS Executive · Tax Laws · PYQS · December 2021
Find from the following which inward supplies are not eligible under section 17(5) of the CGST Act for input tax credit (ITC) in case of a company who is engaged in manufacturing of Paints and Chemicals:
(A) Trucks used in supply of finished goods
(B) Food and beverages consumed by workers in factory
(C) Life and health insurance paid for staff as per Government policy
(D) Motor vehicle of sitting capacity of 12 (excluding driver)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: GST

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