Itc available or not
This query is : Resolved
08 August 2011
i have purchase taxable raw material and sale the exempt goods. can we claim ITC on purchase of raw material. if not claim ITC please provide brief note/circular.
Regards
Amit K. Agarwal
Tax Consultant
i have purchase taxable raw material and sale the exempt goods. can we claim ITC on purchase of raw material. if not claim ITC please provide brief note/circular.
Regards
Amit K. Agarwal
Tax Consultant
CA Ayush Agarwal
(Expert)
08 August 2011
No You Can't Claim.
Since Any Input Using For Non Taxable Goods Credit Cant be Taken.
Regards,
Ayush Agrawal
Since Any Input Using For Non Taxable Goods Credit Cant be Taken.
Regards,
Ayush Agrawal
09 August 2011
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