Menu
Expenses
Varun is a Fancy Items dealer.He purchased Granite Tiles of ₹ 125600+CGST ₹17584+SCGST₹17584.He can avail the Inputted credit in his return.
Replies (11)
for what purpose he purchased for business or house purpose
he can claim if it purchased for resale purpose
he can claim if it purchased for resale purpose
he can claim if it purchased for resale purpose
This purchase is used for his shop maintanance
Yes credit can be claimed if the tiles cost is not capitalised
In this how to get tax to Government
Please explain your query in more detail
end user is above said receiptnt dealer.He avail this claim.
It's not like that end user can't avail the credit on his input or input services.
In this case even though dealer is end user but he is using the building for his business. If the govt won't allow the credit on that then cascading effect will occur.
what is mean by cascading effect
Recent Threads
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
Related Threads
CAclubindia
