https://www.taxtmi.com/forum/issue?id=117201 Whether purchase of gold qualifies for input tax credit depends on its use in the business: if the business sells gold as such or the gold is used to manufacture jewellery for supply, credit is available; if acquired for personal consumption or distributed to customers (as held in an advance ruling), credit is not available. en-us Mon, 03 May 2021 08:53:15 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117201 Whether purchase of gold qualifies for input tax credit depends on its use in the business: if the business sells gold as such or the gold is used to manufacture jewellery for supply, credit is available; if acquired for personal consumption or distributed to customers (as held in an advance ruling), credit is not available. Discussion-Forum GST Mon, 03 May 2021 08:53:15 +0530 https://www.taxtmi.com/forum/issue?id=117201