Hello,
Please advice me can we claim gst itc input on the money came from government grant used for purchase of machinery for business activity. .
Menu
Can we claim itc input on government grant
Replies (4)
Yes. It's not restricted. Grant is for purchase of machinery. All transactions are independent of another or to say"separate legs of a transactions"
NO YOU CANNOT CLAIM .
@ sabyasachi mukherjee.. may i know why ITC cannot be claimed and associated sections with it.
I dont think ITC is either blocked as per Section 17 or ineligible as per section 16
@ sabyasachi mukherjee.. please share the reasons and relevant sections so we can reach conclusion for this intriguing query
Recent Threads
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
Related Threads
CAclubindia
