TaxTMI 
TaxTMI 
ITC on Exempted item
X X X X Extracts X X X X
X X X X Extracts X X X X
....TC on Exempted item<br> Query (Issue) Started By: - Subhas Prasad Dated:- 23-9-2018 Last Reply Date:- 26-10-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Sir Good Evening I want....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... to know that if any one dealing with Exempted item means the final product is exempted in GST but the some of consumable item are taxable then he should claim her ITC or not Reply By Rajagopalan Ran....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ganathan: The Reply: Sir, If the consumables are part and parcel of the final product supplied which is exempted, then you cannot avail ITC of tax paid on consumables. Reply By DR.MARIAPPAN GOVINDA....
X X X X Extracts X X X X
X X X X Extracts X X X X
....RAJAN: The Reply: You cannot avail ITC. Reply By Yash Jain: The Reply: Dear Sir, The plain reason for non availment for ITC is that as your are not liable to Pay GST, then also not eligible to cla....
X X X X Extracts X X X X
X X X X Extracts X X X X
....im ITC, as it will be revenue loss to government. Regards Reply By Ganeshan Kalyani: The Reply: When the final product is exempt it breaks the chain of input tax credit. Otherwise only value addtio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n to the product gets taxed. You cannot claim input tax credit on the consumables. It is actually a tax burden. But it is fact.<br> Discussion Forum - Knowledge Sharing ....