Hi sir
A Company is purchasing books to enhance skills of employees
1. Will GST charged by the Vendor
2.If GST is Charged,Will it be eligible to get ITC
Please advise
Thanks
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6386 Points)
Replied 24 January 2025
GST on Books Purchased for Employee Skill Enhancement
Textbooks for schools and universities. For other types of books, the GST rate is 5%.
3. *Conditions for ITC*: The company must meet the following conditions to claim ITC: -
The books must be purchased from a registered dealer. -
The company must possess a tax invoice. -
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies