REGARIND MACHINE INPUT


This query is : Resolved 

Quick Summary
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.

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


16 November 2023 Yes, of course. ITC is available.

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.

16 November 2023 Yes, you can avail ITC if you use the machine for same business purpose.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details