ITC

This query is : Resolved 
Quick Summary
If you run a steel trading shop, you can indeed claim GST Input Tax Credit (ITC) on purchases of office equipment and stationery. This is permissible because these items are used in the furtherance of your business operations. Therefore, you can utilise these input credits against your GST output liabilities.

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(Querist)
05 March 2021 SIR-
I am having a steel trading shop. Can I avail GST inputs on the purchase of Office equipments and stationery and utilize the same against the GST outputs?
Plz guide me
Thanks in adv
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 March 2021 Yes, you can claim ITC as proposed.
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Spurto Consultancy Services

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Spurto Consultancy Services (Expert)
05 March 2021 Yes you can do that because they all will be sued for furtherance of business.
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