Dear all,
Is there any restriction on ITC to the dealers trading in tobacco products?
Can they claim normal as well as cess ITC ?
There is no restriction since outward supply is also subject to GST
ShubhamThole (CA) (21 Points)
21 March 2022
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 21 March 2022
There is no restriction since outward supply is also subject to GST
CA Puja Sharma
(Chartered Accountant)
(4972 Points)
Replied 21 March 2022
No there is no such restriction. They can claim the ITC paid at the time of inward supplies.
sabyasachi mukherjee
(27163 Points)
Replied 21 March 2022
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
