Whether to take itc
This query is : Resolved
25 June 2020
Please help me, I am manufacturer of snacks, will I able to take input tax credit on edible oil and other items in which Gst is applicable. Or As per sec 17(5)(b) block credit on food & beverages is applicable.
Lekhraj sood
(Expert)
25 June 2020
Yes,you can take credit because for you edible oil etc are inputs used for manufacture of snacks.What is restricted u/s 17(5)(b) is on the consumption of food items/beverages like snacks in your case.
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