ITC ON STATIONERY, Goods and Services Tax - GST

[VANSH TOMAR]

Dear Experts,

My client is a manufacturer , he purchased some stationery for office use such like paper A-4 ,Letter head, calculator, writing pad, pens, highlighter pen, etc.

My query is that whether he is eligible for ITC on stationery items or not.

Thanks in advance

Posts / Replies

[Ramaswamy S]

ITC eligible.

Used in the course of furtherance of business and not in the negative list.

[Chhatra Jain]

I agree with Ramaswamyji. Any article or thing purchased for its use in business ITC is available.on it.

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[Ganeshan Kalyani]

Input tax credit is eligible on stationery if it used in course or furtherance of business and the final product is taxable. Further, if the same is incurred at Head office level then it has to be distributed to respective units on proportionate basis.

[subramanian vijayakumar]

Experts if the stationary are purchased from unregistered dealers whether RCM HAS TO BE PAID AND ITC CAN BE AVAILED PL CLARIFY

[Ramaswamy S]

Upto 12.10.2017, purchase above ₹ 5000/- from URD attracted GST on RCM and credit allowed.

However, wef 13.10.2017 (date of notification), upto 31.03.2018, RCM is not applicable on URD purchases.

Regards

S.Ramaswamy

[Ganeshan Kalyani]

Yes, purchase from an unregistered dealer is exempted from GST under RCM upto 31.03.2018.

[subramanian vijayakumar]

Thanks for the experts for the identical views