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input credit

22 July 2017

i manufacture Bread which is exempted from GST but how i will get input credit ? will it be refunded or adjusted against Output GST on sale
of GST applicable products please clarify

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3 Replies

RAMESH D MODI (Proprietor) (4869 Points)
Replied 22 July 2017

no ITC is available in my view.
not sure

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Udaya Chandran (Manager - Accounts & Taxation) (6514 Points)
Replied 03 March 2018

No ITC is available on supply of exempted goods.

Vinayak Hegde (CA) (154 Points)
Replied 03 March 2018

Refund can be claimed on situations like zero rated supply, export of services, rate difference (output rate less, input rate more) etc. In case of exempted supplies, input cannot be claimed.