Whether ITC can be claimed on Investment made in gold by a business entity
MAHESH THORAT (ACCOUNT EXE) (22 Points)
20 January 2023MAHESH THORAT (ACCOUNT EXE) (22 Points)
20 January 2023
Mitali
(Finance Professional)
(10421 Points)
Replied 20 January 2023
GST is not applicable on investment in gold as it is considered as a capital asset and not a supply of goods or services. Therefore, ITC cannot be claimed on investment made in gold by a business entity.
Sravan Yelagandula
(Employee)
(87 Points)
Replied 20 January 2023
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