ITC CLAIM ON RICE MILL


This query is : Resolved 

Quick Summary
This discussion addresses the possibility of claiming Input Tax Credit (ITC) for miscellaneous consumable expenditures incurred at a rice mill. While rice itself is exempt from GST, rice bran is subject to a 5% GST. The consensus is that a full ITC claim on all miscellaneous consumables is not permissible, despite the GST on rice bran.

26 October 2023 I have a rice mill in which my company manufactures rice and rice bran . There is no GST on rice, however there is GST @ 5% on Rice bran. I want to claim ITC on miscellaneous consumable expenditures incurred. Is it possible to fully claim of ITC ?

RAJA P M (Expert)
26 October 2023 No. Fully claim not available.

31 October 2023 Thanks for your valuable opinion.

RAJA P M (Expert)
31 October 2023 You are most welcome


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