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ITC on sale of Bio diesel

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CA Student
245 Points Posted on 11 August 2020
Mr A is selling bio diesel through his pump in retail basis.. My query to know whether Mr A is eligible to get ITC on purchase of bio diesel....
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On 11 August 2020 at 22:27 Report
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Tax and Business Consultant
11616 Points Posted on 11 August 2020
Yes, If you are registered under GST than you can very well take ITC of bio Diesel purchase by you as it's for furtherance of business.
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On 11 August 2020 at 22:38
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CA Student
245 Points Posted on 19 August 2020

I was concerned whether ITC is included in over Block Credit list.. But now get clarified,, Thanks for making clarification..

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On 19 August 2020 at 12:22


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