Dear Experts,
I supply service to the state government in respect of advertisement like ... (whitewashing and printing of buildings, slogan of social activities). In the course of this supply, we use all materials in connection with the Services, except Content (which is provided by governments).
And we have also paid GST on the purchase material in respect of this.
My average monthly turnover is Rs.- 22.
Hence, kindly advise us whether we can take ITC on purchases.?
And what will be the HSN/SAC code.?
And what will be the applicable rate of outward supply.
Advertising Firm Seeks Input Tax Credit Eligibility, HSN/SAC Code, and GST Rate for Government Services Provided A company provides advertising services to a state government, including tasks like whitewashing and printing buildings with social slogans. They use their own materials for these services, while the government supplies the content. The company inquires about the eligibility for Input Tax Credit (ITC) on purchased materials, the appropriate Harmonized System of Nomenclature (HSN) or Service Accounting Code (SAC), and the applicable GST rate for their services. They clarify that their average monthly turnover is Rs. 22 lakh, not Rs. 22. (AI Summary)
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