ITC Claim for a Co operative financial institution ( Agricultural Co operative Society)

sathya kumar s (AUDIT STAFF) (183 Points)

10 February 2020  

Can a co operative financial institution opt for 50% ITC Claim on banking services and 100% claim on doing activities of sales and purchase of pesticides, fertilizers and other taxable supplies..

Its a Agricultural co operative society extending banking services to its members and also it sells mainly pesticides, fertilizers to farmers and collects GST.