ITC UNDER GST

[anurag patil]

IN MY COLD STORAGE I GIVE RENTING SERVICE TO EXMPTED GOODS. CAN I TAKE ITC ON PLANT AND MACHINARY OR I HAVE TO APPLY RULE 43 OF GST RULE

AI Summary

Cold Storage Facility Denied Input Tax Credit for Machinery Used in Exempt Agricultural Produce Services Under GST Rules A cold storage facility renting services for agricultural produce seeks clarity on Input Tax Credit (ITC) eligibility for plant and machinery. Expert responses indicate that since the services are exempt under GST notification, ITC cannot be claimed on capital goods used exclusively for exempted services. The provisions of Section 17(2) and Rule 43 of CGST Rules, 2017 disallow input tax credit in such scenarios of exclusively exempted supply.