banner_ad

Input tax credit on biodiesel

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 May 2019 Dear Experts,

I want to know that ITC is applicable or not under GST? HSN CODE-38260000 @12% GST on biodiesel as a transporter.
Profile Image

Ashish Bansal

Profile Image

Ashish Bansal (Expert)
02 May 2019 To check the availability, you should not go with any particular HSN code. What tests we need to apply are given only under section 16 and Section 17 only.
So if the ITC is not specifically blocked under section 17(5) and it is used in providing taxable output supply, the input credit will be available.
From the information you have given, it appears that a transporter who is providing taxable supply has purchased some input with payment of GST. In such case, if the transporter is not issuing invoices on which GST is payable under RCM, then ITC should be available.
Profile Image

M . A BANGLAWALA

Profile Image

M . A BANGLAWALA (Querist)
02 May 2019 Thanks a lot sir for reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details