Assessee having trading business acquire CNC machine for doing jobwork, GST paid on such machine can be utilised as ITC against forward tax liability of trading business as well as jobwork. Whether there is need to add business activity on GST portal?

 Reply - As per provisions of sec 16 of CGST Act,2017 every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person. There is no restriction to claim ITC from same type of business activity. Therefore, any amount credited in your electronic credit ledger can be utilised subject to provisions of rule 42, 43 and 44 of CGST Rules, 2017. You have to add new business activity by filing amendment in registration in GST portal.