we are the traders of cement and iron and also we provide labour on demand and we collect 18% tax on respective service.
we have obtained single registration eventhough they are two business verticals with in same state.
so we need to file gstr-1 and 3b for both businesses combinely as we have in registration only.
so my question is , can i claim the input tax on cement and iron aginst the output tax of labour supply.
please mention respective sections and rules
thank you
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Input tax credit.....?
Replies (6)
Yes u can use itc on cement and iron to pay tax libility on supply of services
I know ur ca and ur answers are perfect , but can u provide sections , if u don't mind....please sirr.
As per section 16 reg person can claim itc on good or services used in the business
on satisfying certain condition nd neither above itc is restricted in under section 17(5) in your case
on satisfying certain condition nd neither above itc is restricted in under section 17(5) in your case
I know ur ca and ur answers are perfect , but can u provide sections , if u don't mind....please sirr.
I had already mentioned section 16 and 17 of cgst act
Yes you can claim ITC on same .
(Both the transaction are under one GSTN)
(Both the transaction are under one GSTN)
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