Hi sir
A Company is purchasing books to enhance skills of employees
1. Will GST charged by the Vendor
2.If GST is Charged,Will it be eligible to get ITC
Please advise
Thanks
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7318 Points)
Replied 24 January 2025
GST on Books Purchased for Employee Skill Enhancement
Textbooks for schools and universities. For other types of books, the GST rate is 5%.
3. *Conditions for ITC*: The company must meet the following conditions to claim ITC: -
The books must be purchased from a registered dealer. -
The company must possess a tax invoice. -
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)