Dear Sir
my query is that what can a manufacturing unit allows for input tax credit on spare purchase for machinery repair etc
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input tax credit on spare
Replies (7)
Yes you can take ITC
OK thanks a lots sir
sir one more question
please explain me the billing activities if we send good for job works
please explain me the billing activities if we send good for job works
challan system
If principal is sending goods to job worker it can be done without payment of GST with delivery challan only provided that goods must return back to principal within one year. if it doesnt happen then goods sent to job worker will be treated as deemed supply and GST is payable.
sir when job worker send the good after job then he will issue invoice with adding 5% tax
and this tax we can tax credit
am I right sir
and this tax we can tax credit
am I right sir
good clarification and information
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