ITC on exempted commodities
This query is : Resolved
Quick Summary
01 January 2022
Dear Sir/Madam
We are running palm oil plantation, manufactures of Crude palm oil and our CHA agent cum Transporter raised CHA Service bill with IGST for Imported Sprouts , which the product is exempted under GST.
Can we eligible to take input for the above case.
We are running palm oil plantation, manufactures of Crude palm oil and our CHA agent cum Transporter raised CHA Service bill with IGST for Imported Sprouts , which the product is exempted under GST.
Can we eligible to take input for the above case.
CA R SEETHARAMAN
(Expert)
01 January 2022
No ITC can be taken on exempt product.
CA Altamush Zafar
(Expert)
02 January 2022
Since palm oil is taxable you can claim ITC of CHA services even though the imported goods is exempt
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