About GST Itc

pramod jayram raut (Accountant) (94 Points)

16 December 2019

A gst user can take Gold purchase gstbin ITC.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 16 December 2019

No if other than that same business activities...

CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 16 December 2019

No you cant unless used for business purpose

Shivam RC (Student) (23683 Points)
Replied 17 December 2019

If you have purchase Gold for personal consumption, then "NO", you cannot claim ITC on Gold by virtue of Section 17(5) of the CGST Act 2017.

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