27 June 2017
sir, a pvt ltd co. in hospital services pays rent twds building on which service tax is also paid. The hospital also has a pharmacy outlet and pays vat on its sale of medicnes. under the present scenerio can the gst paid on rent be claimed as input against gst payable on sale of medicines. The hospital also pays tax on manpower recruiting services, can this too be claimed against tax payable on medicines sold. thank you in advance.
27 June 2017
No, ITC is not available If the goods and/or services are taken to deliver the same category of services or as a part of a composite supply, then only credit will be available