Input credit
This query is : Resolved
18 March 2017
Currently in VAT, we cannot take credit for stationaries purchased in the business. Can we take credit in gst?
Guest
Guest
(Expert)
20 March 2017
As per section 2(52) of Model GST Law the defination of Input read as follows :
(52) “input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business;
The definition of input in GST only requires that the input shall be used in the course or furtherance of business.Thus if stationery is used in the course or furtherance of business then credit of input tax paid on such stationery is allowed.
(52) “input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business;
The definition of input in GST only requires that the input shall be used in the course or furtherance of business.Thus if stationery is used in the course or furtherance of business then credit of input tax paid on such stationery is allowed.
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