Business A is manufacuting firm . It uses coal for manufacturing . Can Business A avail ITC/Input of coal ?
5 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 23 January 2022
It can take ITC of CGST and SGST/ IGST but cannot take ITC of cess if the outward supply is not subject to cess
sabyasachi mukherjee
(27574 Points)
Replied 23 January 2022
Education cess ìs a different account àlways it cannot be ultimately utilized.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 23 January 2022
Who is talking about education cess. There is no education cess in GST. It is compensation cess.
s.gowri sankar
(21 Points)
Replied 24 January 2022
If u useing of Coal makeing electric city use of own consumption itc avail, in case electric city has been sold to any other the sold portion to be reversed in gstn Gide line.
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