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About GST Itc


pramod jayram raut (Accountant)     16 December 2019

pramod jayram raut
Accountant 
 52 points

| My Other Post

A gst user can take Gold purchase gstbin ITC.

avater

RAJA P M ("Do the Right Thing...!!!")     16 December 2019

RAJA P M
"Do the Right Thing...!!!" 
 8293 likes  113461 points

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No if other than that same business activities...

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CA Dhruva Kalamanji (Chartered Accountant )     16 December 2019

CA Dhruva Kalamanji
Chartered Accountant  
 89 likes  1879 points

View Profile | My Other Post

No you cant unless used for business purpose

avater

Shivam RC (Student)     17 December 2019

Shivam RC
Student 
 2190 likes  17412 points

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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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