TMI BlogITC claim on purchase of capital goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... ITC claim on purchase of capital goods X X X X Extracts X X X X X X X X Extracts X X X X ..... r of ready-to-cook food paying tax @5%on output can avail ITC on capital asset purchase? Reply By Shilpi Jain: The Reply: There is lack of clarity in the query. If the item is sold as goods and tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paid then ITC would be eligible. The ITC restriction is only in case of supply of service X X X X Extracts X X X X X X X X Extracts X X X X
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