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Asset /Iron /Sheet

This query is : Resolved 
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(Querist)
15 July 2017 Dear sir /Madam, we had bought iron steel / Sheet eith GST inv, shall we take input on GST or should be trated as an Assets.
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RAJA P M

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RAJA P M (Expert)
15 July 2017 After purchased what is the treatment of that goods...? You ll be sell or use in your own purpose...?
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Subramanyam

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Subramanyam (Querist)
15 July 2017 own purpose .Keeping thing / stand made form the steel...
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RAJA P M

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RAJA P M (Expert)
15 July 2017 No... You can't claim ITC on Above said goods using own purpose. You ll be consider as CG
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