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ITC CLAIM ON SUBSEQUENTLY SALE IS EXEMPTED FROM GST
I purchased good and paid gst on purchases and subsequently I sell the goods to cancer institute it is exempted from gst now wethear I can cliam gst whatever I paid on puchase.pls give provision for this
Replies (3)
ITC on exempted sale is not available
Section 17(2) of CGST Act, 2017.. Where goods or services or both are used for effecting exempt supplies, the amount of credit shall not be available.
If it is used partly for exempt and partly for taxable, then credit shall be restricted to so much of input tax as is attributable to the said taxable supplies including zero rated Supplies.
you can't take itc which are used in exempted supplies
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