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ITC is available on raw materials used for supplies made under concessional rate of 5% GST: AAR

July 5, 2018[2018] 95 taxmann.com 63 (AAR- TELANGANA)
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CGST : Concessional rate of tax @ 5% as given under Notification No. 47/2017-Integrated Tax (Rate) dated 14.11.2017 is applicable only for Inter-State sales i.e., on IGST and concessional rate of tax @2.5% CGST + 2.5% SGST is applicable for Intra-State supplies as per Notification No. 45/2017-Central Tax (Rate) dated 14.11.2017

• Input tax credit is available on raw materials used for supplies made under concessional rate of tax in accordance with Notification No. 47/2017-Integrated Tax(Rate) dated 14.11.2017 and Notification No. 45/2017-Central Tax (Rate) dated 14.11.2017.

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