ITC ON STATIONERY

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..... ITC ON STATIONERY
Query (Issue) Started By: - VANSH TOMAR Dated:- 14-11-2017 Last Reply Date:- 15-11-2017 Goods and Services Tax - GST
Got 7 Replies
GST
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 statio .....

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..... nery items or not. Thanks in advance Reply By Ramaswamy S: The Reply: ITC eligible. Used in the course of furtherance of business and not in the negative list. Reply By Chhatra Jain: The Reply: I agree with Ramaswamyji. Any article or thing purchased for its use in business ITC is available.on it. i tC Reply By Ganeshan Kalyani: The Reply: Input tax credit is eligible on stationery if it .....

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..... 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. Reply By subramanian vijayakumar: The Reply: Experts if the stationary are purchased from unregistered dealers whether RCM HAS TO BE PAID AND ITC CAN BE AVAILED PL CLARIFY Reply By Ramaswamy S .....

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..... : The Reply: 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 Reply By Ganeshan Kalyani: The Reply: Yes, purchase from an unregistered dealer is exempted from GST under RCM upto 31.03.2018. Reply By subramanian vijayakum .....

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..... ar: The Reply: Thanks for the experts for the identical views
Discussion Forum - Knowledge Sharing .....

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