GST problem

This query is : Resolved 
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An electric trader is asking if they can claim GST Input Tax Credit (ITC) on cement and steel purchased for constructing a godown, and subsequently sell any excess materials. The response confirms that ITC can be claimed on these materials, provided they were purchased on a B2B basis and reflected in GSTR 2B. The ITC claim should be proportionate to the quantum of sale.

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(Querist)
02 June 2023 We are Electric Trader but for construct Godown we purchase cement and steel, where we received Input Credit on Cement & steel and also we want sale excess steel and cement with GST is it allow?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 June 2023 Yes it's allowed ITC can be claimed on the quantum of sale.
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VP Account Team

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VP Account Team (Querist)
03 June 2023 under which section its allow to claim ITC on different material i.e. steel and cement
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 June 2023 Did you purchase cement and steel on b2b basis and ITC reflected in GSTR 2b in such a case claim ITC proportionately.
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