Input tax credit

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guwahati
26 Points Posted on 23 June 2020
I am a supplier of transfomers and internet service. I want to supply FMCG (grocery items) also.

Can i use ITC of FMCG to pay output tax on supply of transfomers and internet service
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On 23 June 2020 at 21:41 Report
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Quick Summary
This discussion clarifies whether a supplier of transformers and internet services can utilise Input Tax Credit (ITC) from FMCG (grocery items) to offset output tax liabilities on their primary supplies. The answer is yes, provided the supplier makes the necessary amendments to their Registration Certificate to include FMCG as a business activity.

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article Assistant
1644 Points Posted on 23 June 2020
Yes. You can adjust the ITC.
2 Reply
On 23 June 2020 at 22:12
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Director
73 Points Posted on 23 June 2020
Make necessary amendment in Registration Certificate i. e. add Commodity
2 Reply
On 23 June 2020 at 23:09

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