Poonawalla fincorps
Poonawalla fincorps

Itc on capital goods for educational institute

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(Querist)
24 March 2019 Dear sir/madam,
I want to know that wether the educational institue and private preschool, can claim ITC on capital goods purchase for such preschool.
Since the services provide for preschool activity are exempt from GST.
Pls advice.
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
24 March 2019 No
As per sec 16 of CGST Act 2017 , ITC on input , input services or capital goods can be availed only for TAXABLE supplies
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CA Galib Mirza

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CA Galib Mirza (Expert)
24 March 2019 As per Section 16(2) ITC on Inputs, CG and Input Services exclusively used for exempt supplies are not available.
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