Input credit
This query is : Resolved
09 April 2018
In case of purchase of plant and machinery whether company can avail benefit of input gst or not?
or
director purchases his own name but not registered under gst how can utilize this benefit plz suggest us?
or
director purchases his own name but not registered under gst how can utilize this benefit plz suggest us?
CA Suresh Jain
(Expert)
09 April 2018
Company is eligible to claim ITC on plant and machinery purchased.
The Company is not eligible to claim ITC against the items purchased in the name of its Directors.
The Company is not eligible to claim ITC against the items purchased in the name of its Directors.
Message likes :
1 times
09 April 2018
In case of purchase of plant and machinery whether company can avail benefit of input gst or not?
*** Yes... You can avail the ITC benefits as per ITC rules.
director purchases his own name but not registered under gst how can utilize this benefit plz suggest us?
*** No way for claim ITC if the Purchase by Director's name and without GSTIN
*** Yes... You can avail the ITC benefits as per ITC rules.
director purchases his own name but not registered under gst how can utilize this benefit plz suggest us?
*** No way for claim ITC if the Purchase by Director's name and without GSTIN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
