I did cash sale of construction materials ex. Ston Chips then, what about input ?

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1 Points Posted on 10 June 2020
Kindly breif about input ?
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On 10 June 2020 at 10:09 Report
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This discussion clarifies the eligibility for input tax credit when construction materials are sold in cash. It explains that expenses incurred for the furtherance of business can be claimed as input credit, provided the conditions prescribed in Section 17(5) are met. Therefore, even with cash sales, input tax credit is available on the inward supply of goods or services.

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4215 Points Posted on 10 June 2020
Expenses on furtherance of business may taken as input credit
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On 10 June 2020 at 16:01
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GST Practitioner
55067 Points Posted on 10 June 2020
For Input the condition prescribed in Section need to be satisfied.

So even though you have sold in cash the input is available on its inward supply.
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On 10 June 2020 at 23:11

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