GST ITC

IPCC 271 views 6 replies

is input tax credit is available on all asset

Replies (6)
Yes iput credit is allowed on all assets except those mentioned in section 17(5). i.e., motor vehicles unless used for transport/driving school/resale
it is available on all
ITC
is allowed on all input goods, capital goods & input services are used in the course or furtherance of business.
How to get credit itc on furniture TV refrigerator in gst act
you need to further suply as a registered person

Royalties paid to Authors is come under RCM, so  can we claim GST Credit in Next Months 3b?


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