ITC related queary

182 views 2 replies
can we avail ITC if we r manufacture of fabrics
plzzz suggest me
Replies (2)

Yes you can, Read the following.

Eligibility and conditions for taking input tax credit  
Every registered taxable person shall, subject to such conditions and 
restrictions as may be prescribed and within the time and manner 
specified in section 44, be entitled to take credit of input tax charged 
on any supply of goods or services to him which are used or intended 
to be used in the course or furtherance of his business and the said 
amount  shall  be  credited  to  the  electronic  credit  ledger  of  such 
person:

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