Yesterday I have bought sweets from Bakery... The shopper collected Tax 5%.
So this input tax eligible to claim.
anyone answer this question friends.
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ITC Related
Replies (7)
Are you a registered person under gst
It is block credit.
Yes if the party have issued GST complient Invoice.
Yes I have GST number Regular
If the sweets are used for providing outward supply, then you can avail. If it is used for providing to your employees or for your personal purposes then it comes under blocked credit
Ok sir I understand the concepts. Thank you for your kind replies.
If it's further sold then allowed otherwise no
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