PURCHASE OF MACHINERY
This query is : Resolved
20 August 2024
RESPECTED SIR
PURCHASE OF JCB FOR RENTAL SERVICE IS ELIGIBLE FOR ITC . ITC NEAR ABOUT
560000 . HE ALSO USED IT FOR HIS BUSINESS. PLEASE ADVICE THANKS....
PURCHASE OF JCB FOR RENTAL SERVICE IS ELIGIBLE FOR ITC . ITC NEAR ABOUT
560000 . HE ALSO USED IT FOR HIS BUSINESS. PLEASE ADVICE THANKS....
CA R SEETHARAMAN
(Expert)
21 August 2024
Yes, ITC can be claimed if you charge GST on rental services and for business.
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