sir
have a business of purchasing edile items(gst applicable on such items) and supplying of them to super markets. meanwhile I store those items in a private godown for which I pay rental charges (including gst on such charges) and supply on demand. my quition is Whether GST paid on godown to store such items can be claimed as ITC or not?
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availability of ITC
Replies (2)
As soon as that goods are under your control or you are the owner of the goods, you can take ITC.
when you sell the goods you can pay the tax liability
Yes, you will be eligible to take the ITC of GST paid on rental charges as it is used for your outward supply.
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