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?
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- Loss of interest in PF transfer from EPFO to Trust
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
