ITC CLAIM OR EXEMPTED GOODS SUPPLY

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GSTP
289 Points Posted on 11 June 2021

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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On 11 June 2021 at 17:33 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on shipping charges and other expenses when importing exempted goods from Egypt and selling them in India. The consensus is that if your sales are of exempted goods, you cannot claim ITC on associated costs, as credit attributable to exempted goods is not eligible for utilisation.

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GST Consultant
15986 Points Posted on 11 June 2021
If your sales are exempt then no ITC can be taken
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On 11 June 2021 at 18:59
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Chartered Accountant in Practice
1260 Points Posted on 12 June 2021

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.

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On 12 June 2021 at 12:47
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CA
1258 Points Posted on 24 June 2021

Since sales relates to exempted goods, you cannot take Input tax credit( ITC)

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On 24 June 2021 at 22:38

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