Input tax credit
shikha rani (article) (173 Points)
05 March 2018
Is ITC allowed on goods used for captive consumption in a factory? And what does it mean?
2 Replies
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 March 2018
captive consumption by the same unit is not a supply. (it is part & process of manufacture)
captive consumption by a another unit within same state is not taxable.
captive consumption by a unit in another state is taxable.
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