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Furtherance of business

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what is the meaning of "in the course of furtherance of business" in GST,reagarding capital goods & Input??
Replies (2)
it should be used for for promoting your business
An act done for the purpose or object of furthering an company or achieving its goals, is a furtherance of an company

further the Business is define section 2(17)

(a) any trade, commerce, manufacture, profession, vocation or any other similar activity, whether or not it is for a pecuniary benefit;

(b)  any transaction in connection with or incidental or ancillary to (a) above;

(c)  any transaction in the nature of (a) above, whether or not there is volume, frequency, continuity or regularity of such transaction;

(d)  supply or acquisition of goods including capital assets and services in connection with

(e)  commencement or closure of business;

The basic provision enabling the claim of credit does not contain any restrictions. The restriction would apply only in cases where the supply is not to be used exclusively in the course or furtherance of business.


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