E.KALAIKOVAN (Sr. Accounts Manager ) (340 Points)
07 February 2020The Taxable GST Rate of Transport of Coastal goods is 5%. Hence eligible ITC is only from input Services.
Some service provider gives invoice which includes material and labour. They provider SAC for the transaction but not mentioning HSN. In the invoice they are mentioning Material and labour. Material cost is more than the labour cost.
Our doubt is that can we take the ITC from the bills.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 February 2020
E.KALAIKOVAN
(Sr. Accounts Manager )
(340 Points)
Replied 07 February 2020
Example
For container Repair
Material and service both are used to repair the container. Single invoice received for them mentioning SAC.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 February 2020
E.KALAIKOVAN
(Sr. Accounts Manager )
(340 Points)
Replied 07 February 2020
Can you please give me any reference from GST for the eligibility of ITC
CAclubindia
