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Claim of Input

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17 May 2022 Dear Members
A partnership firm is engaged in manufacturing, of various bakery items, 18 % GST is paid on all the sales. The firm is presently doing expansion of business, hence they have purchased various types of plant and machinery, Kitchen Equipment etc. Is the firm eligible to claim the Input GST, plese clarify.

R S Sai Kumar

17 May 2022 Yes you can claim ITC as the assets are used for business purpose.

18 May 2022 for business purposes, any purchase of fixed assets is available for input GST claim. so you can claim it.




19 May 2022 Thanks for the prompt response.




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