Hi,
No, you are eligible to claim ITC credit.
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 6 years ago in GST
Hi,
- As you don't fall into the category of restaurants therefore you are eligible for ITC.
Thanks
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.
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Thank you
Hi,
I think you can claim ITC credit.
Regards,
Nikhil.
Hi,
Yes, you can claim itc credit.
Hi
Since you'll not be categorised as restaurant others, you can claim ITC on the inputs used.
Hi,
- As you don't fall into the category of restaurants therefore you are eligible for ITC.
Thanks
If having only sweet shop and sale over the counter..in that case itc can be claimed?
Asked 6 years ago
Yes you are eligible for input tax credit.
Yes, itc can be claimed.
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