Can GST paid on machine purchased for repair service be claimed as
input????
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input tax credit
Replies (2)
Yes can be taken unless the machinery is not satisfying the definition of motor vehicle.
Yes.....
You can claim INPUT TAX CREDIT ( ITC ) on Machinery purchased as it is a Plant and Machinery (being a movable property ) and not covered within the purview of SECTION 17(5).
You can claim INPUT TAX CREDIT ( ITC ) on Machinery purchased as it is a Plant and Machinery (being a movable property ) and not covered within the purview of SECTION 17(5).
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