Dear Friends,
Can we take GST Input Credit of Installation of Speaker & Mic in Factory.
We are a Manufacturing Comapny, Required same for Various Annousments in Factory.
Pls advise/Suggest.
Regards
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Eligibility of GST Input Credit on Installation of Speaker & Mic in Factory
Replies (3)
Quick Summary
Yes, you can take ITC.
However, if there is exempt supply in your turnover, then you'll have to reverse proportionate ITC pertaining to such exempt supply as per Rule 43.
However, if there is exempt supply in your turnover, then you'll have to reverse proportionate ITC pertaining to such exempt supply as per Rule 43.
Yes, you may avail ITC. If ITC is availed, you may capitalise the value excluding ITC portion.
Thank you...but could pls elaborate more on capilisation part.
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