Can GST paid on machine purchased for repair service be claimed as
input????
Menu
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).
Recent Topics :
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
Related Topics :
CAclubindia
