ITC ON GOLD PURCHASE

I am GST delear and I have purchased gold, can I avail the input tax of such purchase please clarify
Replies (4)
Quick Summary
This discussion clarifies the rules around claiming Input Tax Credit (ITC) on gold purchases for GST dealers. Generally, you can claim ITC on gold if it's part of your business operations. However, if you are not in the gold business, such as a textile spares trader, you are typically not eligible to claim ITC on gold purchases.

Yes you can claim
But I am a textile spares trader can I claim ITC still?
If not in gold business, you're not allow to take itc on gold purchase
No you cannot .

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
14 November 2026
Manager - Indirect Tax (GST)

Westbridge Consulting LLP

New Delhi

CA

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details