Credit on work done outside factory premise
nitesh ( Assistant accountant) (65 Points)
24 September 2017for example we have paint the board name of our company and put it out side the company for direction guide to public.
nitesh ( Assistant accountant) (65 Points)
24 September 2017
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 24 September 2017
You can avail credit of tax paid on receipt of any goods/service received from the supplier as long as the same is in the course or in furtherance of business. The expression 'business' is a definded expression and i feel the service you have mentioned should be covered within the ambit of business.