Regarding input on freezer
This query is : Resolved
19 December 2018
Dear Experts, I have 2 doubts;
1. One of My client is Ice cream Dealer. He is purchasing freezer from company to his customer. So Can he avail Itc on Freezer which is given to his customer ? Invoice is raised to my client it self. So will it a problem if avail itc ? But he is not using freezer in his shop. If it is used for his shop then can he avail itc ?
2. The same client is planning to buy a sipup machine from other company for production of sipup. So can he avail itc for the same ? And if yes should i update in gst site ? Because now client is registered as selling icecream as a wholesaler. Here production of sipup is there, Kindly Give me your Suggestion for this
1. One of My client is Ice cream Dealer. He is purchasing freezer from company to his customer. So Can he avail Itc on Freezer which is given to his customer ? Invoice is raised to my client it self. So will it a problem if avail itc ? But he is not using freezer in his shop. If it is used for his shop then can he avail itc ?
2. The same client is planning to buy a sipup machine from other company for production of sipup. So can he avail itc for the same ? And if yes should i update in gst site ? Because now client is registered as selling icecream as a wholesaler. Here production of sipup is there, Kindly Give me your Suggestion for this
Vishakha Kejriwal.
(Expert)
20 December 2018
1. If the company is directly billing to customer ITC cannot be availed else eligible.2. Credit of sipup available.
20 December 2018
No mam, Company is billing to dealer. So can dealer avail ITC ? Further Dealer is giving freezer to the Sub dealer (Who is his Customer) at cost, here should dealer make invoice on sale of freezer ?
Vishakha Kejriwal.
(Expert)
20 December 2018
Yes you could make a tax invoice and avail credit.
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