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ITC ON FURNITURE

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(Querist)
13 December 2023 Ours is a Trust that runs both Hospital and Medical Shop. GST is applicable in Medical shop. Can we claim Input Tax credit on furniture used for medical shop and hospital?
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CA. Bhavik P. Chudasama

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CA. Bhavik P. Chudasama (Expert)
13 December 2023 Pratically Department won't allow you full ITC because Capital Goods will be used in the Same Premises from where Exempt and Taxable Supplies are being Made.

You can claim ITC as per Rule 42 & 43 .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 December 2023 ITC can be claimed on Medical shop only where GST is charged on sale of medicine.
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Raghavendrarao Wulligundam

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Raghavendrarao Wulligundam (Querist)
13 December 2023 @CA R Seetharaman. Is full ITC Available? suppose if half of the sales of the Medical Shop is exempt supply?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 December 2023 You can claim only ITC related to non exempt sale.

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