ITC on exempted commodities
This query is : Resolved
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.
01 January 2022
No ITC can be taken on exempt product.
02 January 2022
Since palm oil is taxable you can claim ITC of CHA services even though the imported goods is exempt
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Reporting Income under Section 44ADA
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
