Itc claim on puchases, which produce exempted gst products..

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This query is : Resolved

T SHASIDAR (Querist)

21 June 2018 We are purchasing the Paper which will use for Printing of Text Books , Those books will be sale on nil rated GST,
Can we Claim ITC on Paper Purchase in this particular case...?

And some times we will use those paper for many jobs like Produce Nil Rated GST OTC bills and Some rated GST OTC bills... Please Clarify this issue and help me...

JAGANATHAN R ACMA, SAP(Fi-Co)

JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)

21 June 2018 IS IT 100% Eou can you confirm., 100% EOU we can take the credit

T SHASIDAR

T SHASIDAR (Querist)

21 June 2018 Sorry sir, What is mean by EOU

T SHASIDAR

T SHASIDAR (Querist)

21 June 2018 Sir, We are not under EOU (Export Oriented Unit)

JAGANATHAN R ACMA, SAP(Fi-Co)

JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)

21 June 2018 why it is selling nIL rate., it is test purpose or free of cost., the final product if you charge GST you can take credit and it is for test and trail and personal purpose we cannot take

RAJA P M

RAJA P M (Expert)

21 June 2018 @ Mr. T SHASIDAR., If Your Outward supply is Exempted then You can't avail ITC for the Purchase of Raw Material...

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

30 October 2026 Printed books are exempt, so ITC on paper used only for them is blocked under Sec 17(2); for paper used commonly for both taxable printing jobs and exempt books, take the ITC and reverse the exempt share every month under Rule 42, with the annual true-up by the September return of the next year.

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