IMPORTING EXEMPTED GOODS FROM EGYPT AND SELLING IN INDIA, SO
SHIPPING CHARGES AND ETC... HAS INPUT TAX
CAN I CLAIM THAT ITC??
IF I CLAIMED , THERE IS NO UTILIZATION (ONLY SELLING EXCEMPTED GOODS), THEN WHAT DOO WITH CLAIMED ITC??
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ITC CLAIM OR EXEMPTED GOODS SUPPLY
Replies (3)
If your sales are exempt then no ITC can be taken
Credit attributable to exempted goods cannot be availed and hence you are not eligible to avail the credit of GST paid on shipping charges and other expenses.
Since sales relates to exempted goods, you cannot take Input tax credit( ITC)
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