GST 5 ITC ALLOWED

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ACCOUNTANT
366 Points Posted on 23 April 2021
if purchase 5% gst products its ITC should be taken or not
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On 23 April 2021 at 12:06 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on purchases with a 5% GST rate. The consensus is a clear 'yes', confirming that ITC is indeed allowable for these transactions. This means businesses can recover the GST paid on eligible 5% GST goods.

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Chartered Accountant
24588 Points Posted on 23 April 2021
Yes ITC can be claimed
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On 23 April 2021 at 13:19
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1388 Points Posted on 23 April 2021
Yes itc can be claimed
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On 23 April 2021 at 14:39

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