input credit on machinery
Kiran c Kiran c (5 Points)
10 April 2017
dear sir can claim input credit on purchase of machinery. please tell me sir
Kiran c Kiran c (5 Points)
10 April 2017
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 10 April 2017
Yes, on machinery input credit is available. As the machine is capitalized, input credit has be available as input credit on capital goods.
RAMESH POLINENI
(ca)
(352 Points)
Replied 10 April 2017
could you explain how can we adjust these input credit from the gst out put credit?
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