Menu
Input tax credit
if I am dealer of mobile phone and purchase furniture for business and have tax invoice of furniture then can I eligible to take input tax credit of that furniture purchase
Replies (4)
If the furniture purchase for business purpose you can clam itc sir.......
Yes you can claim ITC
Ok sir
thanks a lot
thanks a lot
Yes you can claim ITC on Furniture used in the course or furtherance of business.
Ensure that all the 4 conditions laid down u/s 16(2) of the CGST Act 2017 for claiming ITC is satisfied i.e. :
1). Possession of a Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the taxes.
4). Recipient must have filed the GST Return.
Ensure that all the 4 conditions laid down u/s 16(2) of the CGST Act 2017 for claiming ITC is satisfied i.e. :
1). Possession of a Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the taxes.
4). Recipient must have filed the GST Return.
Recent Topic
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
Related Topics
CAclubindia
