About GST Itc
pramod jayram raut (Accountant) (94 Points)
16 December 2019
A gst user can take Gold purchase gstbin ITC.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 16 December 2019
No if other than that same business activities...
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 16 December 2019
No you cant unless used for business purpose
Shivam RC
(Student)
(23683 Points)
Replied 17 December 2019
If you have purchase Gold for personal consumption, then "NO", you cannot claim ITC on Gold by virtue of Section 17(5) of the CGST Act 2017.
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