2 Replies
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 16 July 2020
Yes, even if paid at 5% or 12% ITC is eligible. ITC restriction is for the supplier and not the recipient.
Also, if you are into exempt supplies, then ITC could be restricted under Section 17 r/w Rule 42.
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