22 September 2017
Rashmi madam
we have received input on purchase of machinery Any time limit for utilisation of input since our monthly liability of GST is 32000 and our input is 5 lacs
pl clarify and also I want to know GST on sale of Machinery
23 September 2017
No time limit. You can claim the whole ITC in month of purchase of machine.
When you sale machine applicable GST Rate charged on it....
CAclubindia
