We have purchased uniforms for employees for our company. Can we claim itc on it
Reply— Section 16 of CGST Act, clearly states that input tax credit can be taken of any good or service purchased for ‘Furtherance of Business'. Section 17(5) is also not restricted input tax credit on purchase of Uniform. Thus, a taxpayer is eligible to take input tax credit on such purchase.
Posted Date: Feb 08, 2021