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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CAN WE CLAIM GST INPUT OF CONSUMABLE ITEMS PURCHASED IN FACTORY.
Replies (2)
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.
You are correctly account the Blades as Consumables...
Also You can avail ITC for the purchase of blades, No issues.
Yes, No problem get full ITC on consumable items due to used in furtherance of business.
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