Dear Sir / Madam, Can we avail input credit for all my shop expenses like stationery, consumables, machine parts in GST. That all expenses are end use, not re-selling but its for my business purpose only.
Thanking You,
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Input credit on expenses
Replies (2)
Yes you can get ITC from these if you received from Registered Dealer and he ll be paid taxable invoices and also enter your shop name and GST number......
in case if you bought from unregistered person if the day expenses have being crossed 5k then apply Reverse charge mechanism and pay tax by raising self invoice and also you can claim the credit for same !!!
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