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Input tax credit on expenses.
I'm a vehicle dealer if I paid GST on administrative expenses incurred by me is ITC is available for me....????
Replies (5)
You may claim the benefit of tax paid on administrative expenses incurred by you provided it should be related to your business or
furtherance of business.
There is no bar in availing benefiit of such credit.
Further, you need more clarification, please call at 8377064203, 8527062521
Regards
Sir, whatever I incurred expenses this is related to my business only.....,
Sir one more thing, assume I'm a vehicle dealer & I have purchased Guest house furniture is ITC is available to me...???
Whether guest house furniture is related to your business activity??
If you purchase furniture for business premises, you will definitely get the credit of that furniture.
However, if you claim depreciation on the GST paid while purchasing the furniture, you cannot claim input tax credit.
Regards
Yes sir for business activity only I have purchased guest house furniture....,,
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