I am a manufacturer and i purchased N95 masks for my factory workers. ITC for this mask is available to me or not?
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ITC OF N95 MASKS
Replies (3)
Quick Summary
Items used for business purposes partially or fully are eligible for ITC. only personally used items are not allowed.
Yes you can claim ITC on N95 Masks purchased for factory workers.
As per the Provision of Section 16(1) of the CGST Act 2017, Input Tax Credit (ITC) on Inputs, Input Services and Capital Goods which are used in the course of or furtherance of business can be claimed.
As per the Provision of Section 16(1) of the CGST Act 2017, Input Tax Credit (ITC) on Inputs, Input Services and Capital Goods which are used in the course of or furtherance of business can be claimed.
Yes the credit can be claimed , subject to conditions prescribed in section 16 of CGST Act
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