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??
Jishad T (GSTP) (289 Points)
11 June 2021IMPORTING 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??
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 11 June 2021
CA Mayank A Jain
(Chartered Accountant in Practice)
(1009 Points)
Replied 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.
Bhavika Kothari
(CA)
(1258 Points)
Replied 24 June 2021
Since sales relates to exempted goods, you cannot take Input tax credit( ITC)
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