Input tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2012
Can a trading concern avail the input tax credit on rent,telephone,insurence .if so at what rate can i avail 100 % of tax so paid
CA. Jatin Gupta
(Expert)
16 October 2012
only a trading concern cannot avail input tax credit. Need to be an output service provider or must be use in relation to manufacture of product.
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