Cement trading input

we are in engineering company
I will buy a cement on re sell purpose

can I take a input
Replies (2)
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.

Yes. ITC can be availed 

If it is used for furtherance of business.

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