Dear Team,
Having a lots of confusion of GST as per below points.
* ITC on pharmacy purchase
* services are provide Hospital to Hospital
* ITC on capital goods
Plz help me in that and also plz share full explanation on HOSPITAL TREATMENT.
Thanks in advance.
Itc can be claimed when used for furtherance of business else you cant claim ITC.
As per Section 2(19) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term 'capital goods' means goods, the value of which is capitalized in the books of accountsof the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business.
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