Input tax credit on expenses.
manju mogri (62 Points)
12 December 2017
I'm a vehicle dealer if I paid GST on administrative expenses incurred by me is ITC is available for me....????
manju mogri (62 Points)
12 December 2017
CA Anant Tyagi
(CA)
(283 Points)
Replied 12 December 2017
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
manju mogri
(62 Points)
Replied 12 December 2017
manju mogri
(62 Points)
Replied 12 December 2017
CA Anant Tyagi
(CA)
(283 Points)
Replied 12 December 2017
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
manju mogri
(62 Points)
Replied 12 December 2017
CAclubindia
