ITC ON FURNITURE
This query is : Resolved
Quick Summary
13 December 2023
Ours is a Trust that runs both Hospital and Medical Shop. GST is applicable in Medical shop. Can we claim Input Tax credit on furniture used for medical shop and hospital?
13 December 2023
Pratically Department won't allow you full ITC because Capital Goods will be used in the Same Premises from where Exempt and Taxable Supplies are being Made.
You can claim ITC as per Rule 42 & 43 .
You can claim ITC as per Rule 42 & 43 .
CA R SEETHARAMAN
(Expert)
13 December 2023
ITC can be claimed on Medical shop only where GST is charged on sale of medicine.
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13 December 2023
@CA R Seetharaman. Is full ITC Available? suppose if half of the sales of the Medical Shop is exempt supply?
CA R SEETHARAMAN
(Expert)
13 December 2023
You can claim only ITC related to non exempt sale.
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