CAN WE CLAIM GST INPUT OF CONSUMABLE ITEMS PURCHASED IN FACTORY.

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27 Points Posted on 20 May 2024
Dear Sir, We are purchasing machine blades for paper cutting purpose. We are booking the purchase of same in consumables. Is this right.

If yes, can we claim GST Input of the same as supplier is Reg in Gst and filing GSTR 3B.
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On 20 May 2024 at 15:40 Report
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Quick Summary
This discussion clarifies that machine blades purchased for paper cutting in a factory, when booked as consumables, are eligible for GST input tax credit. Provided the supplier is GST registered and filing their GSTR 3B, you can claim the full ITC on these consumable items as they are used in the furtherance of your business.

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"Do the Right Thing...!!!"
128162 Points Posted on 20 May 2024
Yes... You are exactly correct.

You are correctly account the Blades as Consumables...
Also You can avail ITC for the purchase of blades, No issues.
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On 20 May 2024 at 15:44
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Accounts Manager
2070 Points Posted on 20 May 2024

Yes, No problem get full ITC on consumable items due to used in furtherance of business.

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On 20 May 2024 at 16:34

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