ITC related queries

This query is : Resolved 
Quick Summary
If you run an event management business and purchase goods for business use, you can claim Input Tax Credit (ITC) on the GST paid. This applies even if you paid 12% GST on the purchase, as long as the goods were bought to further your business operations.

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(Querist)
21 February 2023 One client provide event management services to his clients, during course of business he purchased goods for business use purpose and paid gst 12% to buyer. So can he take ITC on purchase goods @ 12 percentage gst paid.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 February 2023 Yes, ITC can be taken in such a case.
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Gokul Sharma

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Gokul Sharma (Expert)
21 February 2023 YES ITC CAN BE CLAIMED AS IT IS RELATED TO furtherance of business.
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