banner_ad

ITC on Books Purchased by Company

ITC / Input 1010 views 1 replies

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

Replies (1)

GST on Books Purchased for Employee Skill Enhancement

*GST Applicability* 1. *GST Charged by Vendor*: Yes, GST will be charged by the vendor on the sale of books.

2. *GST Rate*: The GST rate on books is 0% (zero-rated) for certain categories, such as: - Books, including Braille books and other books for the blind. - Newspapers, journals, and periodicals. -

Textbooks for schools and universities. For other types of books, the GST rate is 5%.

*Input Tax Credit (ITC) Eligibility* 1. *ITC Eligibility*: To be eligible for ITC, the books purchased must be used for business purposes.

2. *Business Purpose*: If the books are purchased to enhance the skills of employees, it can be considered a business purpose.

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. -

 The books must be used for business purposes.

In summary, GST will be charged by the vendor on the sale of books. If the books are purchased for business purposes, such as enhancing employee skills, the company may be eligible to claim ITC, provided the necessary conditions are met.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details