can we avail ITC if we r manufacture of fabrics
plzzz suggest me
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ITC related queary
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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