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Claim of ITC

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73 Points Posted on 30 April 2020
If a farmer is registered under GST and having a GSTIN number than can he claim the ITC if he purchase a new tractor.
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On 30 April 2020 at 15:22 Report
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12 Points Posted on 30 April 2020
If the tractor is purchased for own use than you cant claim the ITC. But if you are selling a tractor to someone else than you claim the ITC.
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On 30 April 2020 at 15:52
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GST Practitioner
55067 Points Posted on 30 April 2020
Yes you can avail ITC , but when the Outward supply is Exempted , need to reverse the ITC as per section 17(2) r/w rule 43 of CGST Act .

Note : ITC shall be restricted to taxable supply & no credit is available in respect of goods used for effecting Exempted supplies
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On 30 April 2020 at 15:54
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"Do the Right Thing...!!!"
128147 Points Posted on 30 April 2020
Yes... I agreed to Mr Pankaj Rawat Ji reply...

@ Mr Rajan Dubey.,

If the Former's supplies are exempted then ITC will not claimable and it will reversible in GST return.

May be making any taxable supplies also with exempted supplies then ITC will be taken as per ratios...
463 Reply
On 30 April 2020 at 17:04


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