ITC on expenses & capital Goods to Applicant who is under Marginal Scheme

In re Attica Gold Private Limited (GST AAR Karnataka)

Q1. Whether Applicant who is under Marginal Scheme can claim Input Tax Credit on the expenses like Rent, advertisement expenses, commission, Professional expenses and other like expenses?

Applicant who is under Marginal Scheme can claim Input Tax Credit on the expenses like Rent, Advertisement expenses, commission, Professional expenses and other like expenses subject to section 16 to 21 and rules 36-45 of CGST Act and Rules 2017.

Q2. Whether ITC is allowed to be claimed on Capital Goods for the Applicant under Marginal Scheme?

ITC can be claimed on Capital Goods by the Applicant under Marginal Scheme subject to section 16 to 21 and rules 36-45 of CGST Act and Rules 2017.

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