Input on beverages

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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3 Replies

Jatin (Accountant) (3479 Points)
Replied 20 May 2018

Yes, you can claim ITC on beverages

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 20 May 2018

Yes.... He can...

No more restriction for taking ITC for the Same Business activities.

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Vinod Babu (24196 Points)
Replied 20 May 2018

You can take ITC only if your regular type. If you are composition dealer then ITC cannot be claimed.

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