Itc availabe or not
This query is : Resolved
Srinivas Ch
(Querist)
19 October 2018
one of my client takes contracts with govt on roads, govt buliding constructions etc... In Dec 2017 client purchased sensor paver machine, Road roller, 2 proclainers on loan from a bank and for Dec 2017 ITC claimed on these machines Rs. 35,00,000/- and same machine suppliers filed gstr1 on client gstn (aslo showing in gst2a now). now my doubt is, they are eligible or not for ITC claiming under which section? Please tell me very very urgent.. Advance Thanks to all
GULRAJ AILANI
(Expert)
19 October 2018
ITC on plant and machinery is 100% allowable in your case
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
