A petrol pump dealer deals in petroleum product (non gst supply) znd lubricant product ( covered under gst).
Can he claim input on security expenses, pur. of capital good, other camera installation exp. , or other similar nature exp. which is allow under gst for claimming input.
so plz help whether such dealer can claim input or nott..
lubricant supply is only 5 percentt represent..
Menu
GST ITC
Replies (3)
Yes... He can avail ITC.
Under the provision of GST in relation to ITC credit on goods , Service or both, he shall avail proportionate credit in respect of supply.
in that case taxable supply is only 5% so he shall take the 5% credit of total ITC of GST.
in that case taxable supply is only 5% so he shall take the 5% credit of total ITC of GST.
yah i appreciate ur views...
thanx rajnish sirr
thanx rajnish sirr
Recent Topic
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
Related Topics
CAclubindia
