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ITC AVAILING ON REIMBURSEMENT OF ROYALTY

275 views 3 replies
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
Replies (3)

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...??

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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