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Input on capital goods ...

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i am a registered dealer..i have purchased certain goods for maintenance for my shop where i sell vegitables ..can i claim input for that..? pls reply ..thanks in advance
Replies (4)
Vegitables are under exempt supply ( you are not collecting GST on sale of vegetables), therefore on exempt supply ,you can not claim input tax credit .
If you are selling vegetables it's under exempted supply. So you cannot claim input under any circumstances.
If it purchase from out side India and u paid igst as per challan,u may claim refund as per igst challan.or purchase from other gst dealers u can not claim ITC. because u supply exempted goods only.
Yes you take the input , but need to reverse it every month in proportion exempted sale with interest.
(Refer Rule 42 of CGST Act)

Thus it's better not claim ITC if you Outward Supply is exempted.


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