REGARIND MACHINE INPUT

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This query is : Resolved

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This discussion clarifies whether a business can claim Input Tax Credit (ITC) on a machine used for fitting eyeglasses and frames. The consensus is yes, provided the machine is used for business purposes and the business is registered under GST. This means you can avail GST credit on such machinery.

ABHI KUMAR

ABHI KUMAR (Querist)
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16 November 2023 BUSINESS NAME: EYE GLASSES AND FRAME
PURCHASE MACHINE FOR FITTING GLASSES AND FRAME

CAN WE CLAIM INPUT OF THIS MACHINE

THANKS IN ADVANCE

Udaya Chandran

Udaya Chandran (Expert)
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16 November 2023 Yes, of course. ITC is available.

CA. Ankit Vijaywargiya

CA. Ankit Vijaywargiya (Expert)
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16 November 2023 Yes, as you will be using machine for your business purpose and registered in GST for the same purpose thus you can avail GST Credit on such Machine.