Input tax credit of machinery
This query is : Open
25 October 2017
sir
i bought a machine exclusive for my business and my all supplies is taxable under gst. i have doubt regarding to my input tax credit paid for my machine which is 100% using in my business.
i want whole credit in my electronic ledger. please tell is it possible or it will be claimed 5% per quarter.
i bought a machine exclusive for my business and my all supplies is taxable under gst. i have doubt regarding to my input tax credit paid for my machine which is 100% using in my business.
i want whole credit in my electronic ledger. please tell is it possible or it will be claimed 5% per quarter.
25 October 2017
You can claim full ITC if you use in your business....
http://taxscoop.in/entries/gst/itc-in-case-of-capital-goods-under-gst
http://taxscoop.in/entries/gst/itc-in-case-of-capital-goods-under-gst
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