Dear Sir,
we are the manufacturer of ply wood.
and for project related we bought sand and other mineral material these minerals we used for equipment foundation and other civil works also.
Now the vendor claimed the bill with gst for reimbursement of royalty.
kindly suggest that can we avail input or not.
thanks and regards
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ITC AVAILING ON REIMBURSEMENT OF ROYALTY
Replies (3)
Quick Summary
Yes you can still claim
Your query is not clear Mr/Mrs/Ms 970477....
Generally ITC not allowed for construction works.
so, here You are mfg of plywood... right.
then how you claim ITC...??
now,
what is that project...?
who is that vendor...??
Generally ITC not allowed for construction works.
so, here You are mfg of plywood... right.
then how you claim ITC...??
now,
what is that project...?
who is that vendor...??
Ineligible Items for ITC
ITC cannot be claimed on the following:
Goods and services purchased for personal use
Goods and services exempted from GST
Goods and services used for making exempt supplies
Goods and services used for making supplies of goods and services that are subject to reverse charge
Capital goods used for making exempt
I think as per Mr Raja PM you fall into this category. Sorry about my first answer
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