INPUT gst claim

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402 Points Posted on 02 September 2020
If a dealer deals in both exempted and Taxable Goods and he had paid auditors fees with GST so according to this can i claim full Input of GST or proportinate base to disallow for Exempt.
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On 02 September 2020 at 12:07 Report
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Quick Summary
This discussion clarifies how to claim Input Tax Credit (ITC) on GST paid for auditor fees when a dealer handles both taxable and exempt goods. Generally, you can claim the full ITC. However, if you deal in exempt products, you may need to apportion the ITC based on turnover, reversing the portion attributable to exempt supplies.

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account -GST
1560 Points Posted on 02 September 2020
Yes you can claim ITC
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On 02 September 2020 at 12:52
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18 Points Posted on 02 September 2020
Yes, input claimable .
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On 02 September 2020 at 14:07
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402 Points Posted on 02 September 2020
If i am engaged in exempted product than to i can claim full ITC??
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On 02 September 2020 at 15:40
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405 Points Posted on 02 September 2020
If u can apportion itc on taxable and exempt goods then 1st take full itc of audit fees then reverse the amount of itc apportionable on exempt supply one criteria for apportion can be turnover
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On 02 September 2020 at 19:07

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