Please tell me, can we take input credit of gst paid on jwellery purchase...
3 Replies
Dr. Deepak Soni
(junior chartered accountant)
(44 Points)
Replied 18 June 2018
If you are jewellery dealer than you can. If you purchases this jewellery for personal use than you can’t.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 18 June 2018
| Originally posted by : prashant jain | ||
 |
Please tell me, can we take input credit of gst paid on jwellery purchase... |  |
ITC Blocked as per Se. 17 of Below mentioned details
Goods or services or both used for personal consumption;
Vinod Babu
(24191 Points)
Replied 18 June 2018
If jewellry taken for sale purpose in business, ITC can be claimed else not possible.
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