Gst on taxable and exempted
This query is : Open
Ramachandra Reddy
(Querist)
10 April 2018
Sir
One person has two businesses.
1) Sale of cement which is TAXABLE.
2) Transporting agricultural produce(Palm oil fruuits) to Ruchi soya industries Ltd which is EXEMPTED services.
Now my question is can both the inputs from two businesses can be claim (or) only TAXABLE sales input is only to be claim.
Please clarify.Thanku in advance
One person has two businesses.
1) Sale of cement which is TAXABLE.
2) Transporting agricultural produce(Palm oil fruuits) to Ruchi soya industries Ltd which is EXEMPTED services.
Now my question is can both the inputs from two businesses can be claim (or) only TAXABLE sales input is only to be claim.
Please clarify.Thanku in advance
CA Rashmi Gandhi
(Expert)
11 April 2018
You can claim whole ITC I.e on both exempted & taxable supply.....
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