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Input on purchase of Machinery
I had proprietor concern firm. business is contract works. purchase a new machinery value 25 lacks. Gst tax is 12% on It. I am eligible to get input tax or not.
Replies (4)
Y not u r eligible for itc
if machinery used for his business and supply taxable goods then eligible to get itc it's shown in gstr2
definitely you can take ITC assuming that it is used for business. please note the ineligibility of ITC will only be arises when it is under Sec 17(5).
shall we file on online . if we select the option to file online then what we should select on table 4a detail yes/No.
Read more at: https://www.caclubindia.com/forum/gstr4-table-a-498747.asp
pl. give idea on this
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