Business A is manufacuting firm . It uses coal for manufacturing . Can Business A avail ITC/Input of coal ?
Menu
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.
Recent Topics :
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
Related Topics :
CAclubindia
