• Input tax credit

Iam a sweet manufacturer.. have micro scale work ... manufacture sweets and supply to other sweet shpos and restaurant... 
as new govt norms restaurant owners can't claim itc on raw materials used... do i also fall in this category..?
Do iam not eligible to claim input tax credit for raw materials used in sweet manufacturing..?
Iam not having restuarnt type outlet.. mainly engaged in manufacturing of sweets and milk products
Asked 2 months ago in GST from Rewari, Haryana

Hi,

No, you are eligible to claim ITC credit.

Karishma Chhajer
CA, Jodhpur
637 Answers
3 Consultations

5.0 on 5.0

Hi,

- As you don't fall into the category of restaurants therefore you are eligible for ITC.

Thanks

Vivek Kumar Arora
CA, Delhi
1724 Answers
52 Consultations

5.0 on 5.0

I think you will be included under the definition of restaurant and food and therefore you just need to pay 5% tax on output without taking the input credit.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
574 Answers
5 Consultations

5.0 on 5.0

Hi,

I think you can claim ITC credit.

Regards,

Nikhil.

Nikhil Khanna
CA, Mumbai
1428 Answers
19 Consultations

4.8 on 5.0

Hi,

Yes, you can claim itc credit.

Payal Chhajed
CA, Mumbai
1109 Answers
8 Consultations

4.8 on 5.0

Hi

Since you'll not be categorised as restaurant others, you can claim ITC​ on the inputs used.

Lakshita Bhandari
CA, Mumbai
2254 Answers
81 Consultations

5.0 on 5.0

Hi,

- As you don't fall into the category of restaurants therefore you are eligible for ITC.

Thanks

Vivek Kumar Arora
CA, Delhi
1724 Answers
52 Consultations

5.0 on 5.0

Yes you are eligible for input tax credit.

Karishma Chhajer
CA, Jodhpur
637 Answers
3 Consultations

5.0 on 5.0

Yes, itc can be claimed.

Payal Chhajed
CA, Mumbai
1109 Answers
8 Consultations

4.8 on 5.0

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