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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
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