dear sir we need the clarification about gst on machinery purchase is it eligible to take input to my accounts
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GST on machine purchases
Replies (6)
You can take the input if that machine is used for business purposes
what about other purchase like car purchases and other non transport vehicles purchase
you can take ITC on any assets purchase on name of bussiness and used for bussiness only.
no car and non transport vehicles not allowed for itc
as per section 17
we are a Automobile trading concern,
we are going to capitalize one commercial vehicle of stock for demo,
we will have pay taxes on that?
we are going to capitalize one commercial vehicle of stock for demo,
we will have pay taxes on that?
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