Swastik Auto Ltd., a registered supplier from Maharashtra is engaged in the manufacturing of passenger auto. The company provides the following details of purchase made/ services availed by it during the month of April,

Computation of Input Tax Credit available to Swastik Auto Ltd. for the month of April, 2023: Sr. No. Particulars Eligible ITC (₹) (i) Payment made to M/s Jagdamba Caterers for providing daily breakfast & lunch facility. [ITC Not available, since Input Tax Credit (ITC) on food and beverages, outdoor catering is blocked under section 17(5) of the Central Goods and Services Tax Act, 2017]. Nil (ii) Payment made to contractor for construction of staff quarter. [ITC Not available, since credit in respect of work contract services availed for construction of staff quarter is blocked under section 17(5) of the Central Goods and Services Tax Act, 2017]. Nil (iii) Purchase of Mini Bus (seating capacity 15 persons) for the transportation of employees. [As per Section 17(5) of the Central Goods and Services Tax Act, 2017, ITC of motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver) is not allowed, but in the given case bus is of 15 seating capacity, hence ITC would be allowed]. 5,60,000 (iv) Purchase of iron used as a raw material. [As per Section 16(2) of the Central Goods and Services Tax Act, 2017, if the goods are received in installments, tax credit shall be allowed only when last installment has been received. In the given case last installment 10% of goods are received in May, 2023, hence full credit shall be allowed in the month of May, 2023]. Nil (v) Purchase of tyres from composition dealer. [Input Tax Credit not available, since goods purchase from composition dealer under section 10(1)]. Nil Total Input Tax Credit (ITC) Available 5,60,000