Can take ITC Shortges and damages of Cement cost debit to transporter.
This query is : Resolved
Quick Summary
17 June 2023
We are cement transportation business and provide vehicles for transportation of Cement. We are working under forward charges 12% GST. The Cement Company issue debit not for shortages of Cement and GST claimed 28%.
My question is can we take Input Tax credit on shortages and damages amount recovered from our freight bills.
L.D.Dharmadhikari
My question is can we take Input Tax credit on shortages and damages amount recovered from our freight bills.
L.D.Dharmadhikari
CA R SEETHARAMAN
(Expert)
17 June 2023
No ITC can be claimed in such a case as it's a payment for shortage.
CA Altamush Zafar
(Expert)
18 June 2023
Yes ITC can be claimed since you are under forward charge with ITC and such costs are part of the business in general.
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