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Input on beverages

ITC / Input 916 views 3 replies
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18 Points Posted on 20 May 2018
Does the trader of cold drinks,soda & other confectionery items is eligible for input tax credit of the same items on purchase??
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On 20 May 2018 at 00:17 Report
Replies (3)
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Accountant
3479 Points Posted on 20 May 2018
Yes, you can claim ITC on beverages
9 Reply
On 20 May 2018 at 00:50
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"Do the Right Thing...!!!"
128147 Points Posted on 20 May 2018
Yes.... He can...

No more restriction for taking ITC for the Same Business activities.
463 Reply
On 20 May 2018 at 05:49
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24196 Points Posted on 20 May 2018
You can take ITC only if your regular type. If you are composition dealer then ITC cannot be claimed.
161 Reply
On 20 May 2018 at 23:05


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