ITC related to medical products

191 views
User Avatar

3 Points Posted on 14 December 2020
Whether any manufacturing entity can avail Gst credit on medical expenses like Expenses on Covid medicines, Expenses on kwath(Kadha), covid testing etc ?
0 Reply Share Follow
On 14 December 2020 at 12:56 Report
Replies (4)
Quick Summary
This discussion clarifies whether businesses can claim Goods and Services Tax (GST) Input Tax Credit (ITC) on medical expenses. The consensus is that ITC cannot be claimed on items such as COVID medicines, kadha (traditional herbal concoctions), or COVID testing. This is because these expenses are generally not considered to be for the "furtherance of business".

User Avatar

Accoutant
31 Points Posted on 14 December 2020
Medical expenses means nut values values your use not use tax credits...
1 Reply
On 14 December 2020 at 13:25
User Avatar

Accountant
3662 Points Posted on 14 December 2020
No, you can not claim ITC
1 Reply
On 14 December 2020 at 22:33
User Avatar

Tax consultant
5895 Points Posted on 16 December 2020
No itc for it
Reply
On 16 December 2020 at 13:07
User Avatar

Consultant
1891 Points Posted on 16 December 2020

No you cannot claim because these are not used for furtherance of business.

Reply
On 16 December 2020 at 13:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST IDS Refund – Statement 01A: Invoice Not
  2. TDS deposit code & TDS return
  3. AIS VS GST Mismatch- FY 2025-26
  4. Gross total income
  5. Export Compliance
  6. Sale of plots in open land
  7. Income tax query
  8. Best CA Inter coaching in laxmi nagar
  9. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  10. Unregistered Association of Persons (AOP) Agreemen

More recent discussions | Post

Related Topics :

Loading