ITC (Input Tax Credit)
KRISHNA SHAH (27 Points)
05 December 2020
Does first stage supplier of goods or services gets any kind of ITC or not ?
1 Replies
Shivam RC
(Student)
(23683 Points)
Replied 05 December 2020
Yes why not. They can claim ITC on their inputs, input services and Capital Goods used in the course of or furtherance of business, provided it is not BLOCKED U/s 17(5) of the CGST Act 2017.
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