Yesterday I have bought sweets from Bakery... The shopper collected Tax 5%.
So this input tax eligible to claim.
anyone answer this question friends.
Menu
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
Recent Topic
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
Related Topics
CAclubindia
