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ITC on exempted supply

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(Querist)
26 May 2021 If a company is manufacturing goods which are exempted from payment of GST, then what would be the accounting treatment of ITC on purchases and services received for manufacturing such exempted goods.

Thanks in Advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 May 2021 Charge it to p and l as expenses.
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CA AMIT JAKHWAL

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CA AMIT JAKHWAL (Expert)
27 May 2021 Support the view of Seetharaman ji.
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