Cement trading input

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accountant
22 Points Posted on 24 September 2023
we are in engineering company
I will buy a cement on re sell purpose

can I take a input
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On 24 September 2023 at 19:26 Report
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Quick Summary
If your engineering company purchases cement with the intention of reselling it, you can indeed claim Input Tax Credit (ITC). This is permissible as long as the cement is used for the furtherance of your business activities. Therefore, buying cement for resale purposes allows you to benefit from ITC.

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Account
408 Points Posted on 24 September 2023

Yes. ITC can be availed 

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On 24 September 2023 at 22:10
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Profession
28271 Points Posted on 28 September 2023
If it is used for furtherance of business.
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On 28 September 2023 at 07:19

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