itc on jewels

srikumar (audit staff) (1203 Points)

18 August 2018

my client( firm) has purchase jewels. can take 3% input for July 3b return ?

itc available ?

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5 Replies

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 18 August 2018

itc not available since jewellery is for personal use and not business use.

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 18 August 2018

ITC not available for Personal use except the Same Business dealer.

Vinod Babu (24196 Points)
Replied 18 August 2018

If used for resale (trading) purpose, ITC can be claimed.

srikumar (audit staff) (1203 Points)
Replied 18 August 2018

thanks for valuable answer

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 18 August 2018

You are most welcome... ..

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