Menu
can we take ITC from Wood purchase
can we take ITC from Wood purchase?
Replies (5)
What is the use...?
If the wood is being used in the course of or furtherance of business, then YES.
Refer Section 16(1) and also Section 16(2) of the CGST Act 2017.
Refer Section 16(1) and also Section 16(2) of the CGST Act 2017.
Personal use
No.... ITC not available if used to Personal...
If used for Personal purpose then ITC not available
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
