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Whether ITC available for assessee engaged in business of stone crusher for electricity charges paid

Whether ITC available for assessee engaged in business of stone crusher for electricity charges paid

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 electricity charges. Thus, a taxpayer is eligible to claim ITC on electricity charges paid if appearing in his GSTR-02.

Posted Date: Mar 02, 2021
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