Input tax credit
This query is : Resolved
14 April 2018
Sir,
My client is car dealer, and have demo vehicles and service of demo vehicles in own workshop and generate gst invoice charge cgst and sgst. How tax treatment of own name invoice. Can my client claim input credit or invoice shuold be zeo value.
My client is car dealer, and have demo vehicles and service of demo vehicles in own workshop and generate gst invoice charge cgst and sgst. How tax treatment of own name invoice. Can my client claim input credit or invoice shuold be zeo value.
15 April 2018
No invoice need to be generated for own consumption for the purpose of business.
Invoice is for sale to other party.
ITC on purchase can be claimed as it is consumed for business.
Invoice is for sale to other party.
ITC on purchase can be claimed as it is consumed for business.
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