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Input credit of gst on jwellery purchase

ITC / Input 1184 views 3 replies

Please tell me, can we take input credit of gst paid on jwellery purchase...

Replies (3)
If you are jewellery dealer than you can. If you purchases this jewellery for personal use than you can’t.
Originally posted by : prashant jain
Please tell me, can we take input credit of gst paid on jwellery purchase...

 

ITC Blocked as per Se. 17 of Below mentioned details 

Goods or services or both used for personal consumption;

If jewellry taken for sale purpose in business, ITC can be claimed else not possible.


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