Business A is manufacuting firm . It uses coal for manufacturing . Can Business A avail ITC/Input of coal ?
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REGARDING AVAILING ITC OF COAL
Replies (5)
Quick Summary
Yes it can take it
It can take ITC of CGST and SGST/ IGST but cannot take ITC of cess if the outward supply is not subject to cess
Education cess ìs a different account àlways it cannot be ultimately utilized.
Who is talking about education cess. There is no education cess in GST. It is compensation cess.
If u useing of Coal makeing electric city use of own consumption itc avail, in case electric city has been sold to any other the sold portion to be reversed in gstn Gide line.
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