Itc on capital goods for educational institute
This query is : Resolved
24 March 2019
Dear sir/madam,
I want to know that wether the educational institue and private preschool, can claim ITC on capital goods purchase for such preschool.
Since the services provide for preschool activity are exempt from GST.
Pls advice.
I want to know that wether the educational institue and private preschool, can claim ITC on capital goods purchase for such preschool.
Since the services provide for preschool activity are exempt from GST.
Pls advice.
24 March 2019
No
As per sec 16 of CGST Act 2017 , ITC on input , input services or capital goods can be availed only for TAXABLE supplies
As per sec 16 of CGST Act 2017 , ITC on input , input services or capital goods can be availed only for TAXABLE supplies
24 March 2019
As per Section 16(2) ITC on Inputs, CG and Input Services exclusively used for exempt supplies are not available.
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