ITC for hospital services
prince paul (article assistant) (27 Points)
22 June 2018
can we claim itc for exempted services in what section says about this
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177891 Points)
Replied 22 June 2018
No (Input) ITC claim for exempted outward supplies....
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 22 June 2018
Section 17(2)-
Where the goods or services or both are used by the registered person partly for effecting taxable supplies including zero-rated supplies under this Act or under the Integrated Goods and Services Tax Act and partly for effecting exempt supplies under the said Acts, the amount of credit shall be restricted to so much of the input tax as is attributable to the said taxable supplies including zero-rated supplies.
Vinod Babu
(24191 Points)
Replied 23 June 2018
No ITC cannot be claimed in case of exempted supplies.
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