25 May 2023
Dear Sirs : One of my client manufacturing (RCM) Redymade Concrete Mixture for supply to constructions sites. He wishes to buy Transit Mixture ( modified ten wheel barrel truck) . My query is "can he claim INPUT CREDIT OF GST in his returns for purchase of these capital Goods" ... Regards
12 June 2023
Dear Sir : What I understand that depreciation can be claimed only on taxable value say Rs.10,00,000 but depreciation cannot be claimed on GST of RS.1,80,000.00 . Regards
CAclubindia
