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input tax credit
Can ï take à banifit of input tax credit on lublicant Which is use for factory used
Replies (2)
yes
For taking INPUT both purchaser and Seller should be Registered
Yes. You can take the benefit of ITC on lubricant purchased by you which is used in the course of business.
The only condition, as said by Sarath Sir, is that both the buyer and seller should be a Registered Person for availing ITC.
The only condition, as said by Sarath Sir, is that both the buyer and seller should be a Registered Person for availing ITC.
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