Veterinary service and Input credit
This query is : Resolved
19 May 2025
We are selling poultry feed supplement product.
Our product is taxable.
In addition we are providing lab testing service for one day chicks ( poultry animal )
We are purchasing lab chemical, lab apparatus and paying gst on that procurement. In nutshell we are providing veterinary services.
My question is can we avail input credit on purchases of lab material. We are giving this service as free of cost. Giving this free lab service customers induce to buy our product.
Our product is taxable.
In addition we are providing lab testing service for one day chicks ( poultry animal )
We are purchasing lab chemical, lab apparatus and paying gst on that procurement. In nutshell we are providing veterinary services.
My question is can we avail input credit on purchases of lab material. We are giving this service as free of cost. Giving this free lab service customers induce to buy our product.
24 May 2025
You can take input on any purchase. and pay output on any sale. if you re selling exempt then disallow input on sales ratio.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
