Input credit

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ambuj (Querist)
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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?

CA Suresh Jain

CA Suresh Jain (Expert)
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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.

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RAJA P M

RAJA P M (Expert)
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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

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