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input tax eligibility?

ITC / Input 181 views 6 replies
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M.Com
89 Points Posted on 24 October 2017
sir
we are dealing textbook and selling to various customers and individuals.we have a paper purchase from local parties and also Interstate parties. Is there any problem for taking purchase input tax for monthly return purpose.!
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On 24 October 2017 at 00:05 Report
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GST Consultant
15986 Points Posted on 24 October 2017
No issue in taking credits provided that text books are taxable
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On 24 October 2017 at 00:32
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"Do the Right Thing...!!!"
128152 Points Posted on 24 October 2017
No more issues for taking Input Credit....

What is the Tax rate for the Text book...? It's exempted or Taxable...?
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On 24 October 2017 at 07:20
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M.Com
89 Points Posted on 24 October 2017
it's exempted. but one of a consultant told me that if u r dealing non taxable item. so u can't take input tax of purchase.
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On 24 October 2017 at 21:38
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GST Consultant
15986 Points Posted on 24 October 2017
If textbooks are exempt then no credits available
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On 24 October 2017 at 21:43
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M.Com
89 Points Posted on 24 October 2017
is there any rule or act pls share sir I need to show my superiors.
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On 24 October 2017 at 22:04
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GST Consultant
15986 Points Posted on 24 October 2017
Section 17 of cgst
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On 24 October 2017 at 22:26


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