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
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ITC on Books Purchased by Company
Replies (1)
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. -
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