ITC for rice traders
This query is : Resolved
18 August 2022
Dear professionals,
As per the latest GST amendment rice packets below 25kg is attracts 5% GST.
My query is Nowonwards, the rice dealers can claim ITC for business purchases. For eg. Purchase of furniture, GST input on professional fee etc
Kindly clarify.
Thanks in advance
As per the latest GST amendment rice packets below 25kg is attracts 5% GST.
My query is Nowonwards, the rice dealers can claim ITC for business purchases. For eg. Purchase of furniture, GST input on professional fee etc
Kindly clarify.
Thanks in advance
18 August 2022
If you are exclusively dealing with only taxable commodities and the inputs that you had specified are not used for any personal purposes, then you can claim ITC or else you can claim ITC as per Rule 42 and 43 of the CGST Rules
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
