Itc on supply of exempt goods
This query is : Resolved
21 April 2019
IF A TRADERS WHO IS A NORMAL TAXPAYER & SUPPLY EXEMPTED GOODS BUT PURCHASED DABBI'S (PRIMARY BOXES FOR PACKAGING OF FINALPRODUCT) AND PAY GST ON IT. CAN HE CLAIM ITC ON PURCHASE OF THOSE SMALL BOXES
21 April 2019
No , You can not claim ITC on input for supplying exempted Goods
As per - Sec 17(2) Of CGST Act
Where the goods or services or both are used by the registered person partly for effecting TAXABLE SUPPLIES under this Act or under the Integrated Goods and Services Tax Act and partly for effecting EXEMPT SUPPLIES under the said Acts, the
amount of credit shall be restricted to so much of the input tax as is attributable to the said TAXABLE supplies including zero-rated supplies.
As per - Sec 17(2) Of CGST Act
Where the goods or services or both are used by the registered person partly for effecting TAXABLE SUPPLIES under this Act or under the Integrated Goods and Services Tax Act and partly for effecting EXEMPT SUPPLIES under the said Acts, the
amount of credit shall be restricted to so much of the input tax as is attributable to the said TAXABLE supplies including zero-rated supplies.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- NRI starting business in India
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- FCRA 6 E- Intimation
- GST not cancelled by tenant
- FORM 141 SDV query
- EXPORT COMMERCIAL INVOICE HSN CODE
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- Taxable or Tax exempt
- 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
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
