Sir
we are manufacting Cream wafers (Taxable @ 18%)& doing job work ( Taxable @ 5%)for the same product. Is there any ITC restriction
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ITC restriction for Food manufacturing units
Replies (1)
No ITC restriction for your cream wafers manufacturing (18%) and job-work activity (5%).
Full ITC is eligible on all inputs, input services, and capital goods used for both activities.
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