Dear friend, kindly let me know the availability of ITC for capital goods mobile phone purchase in industry
regards
saurabh JAIN
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ITC available on mobile phone purchase
Replies (4)
ITC ON MOBILE PHONES IS 12%
yes GST is mention on invoice received, but can we claim ITC on Mobile phone purchase in business of textile industry
Yes you can avail ITC provided that the capital goods is being used in the course or furtherance of business and all the FOUR conditions as laid down u/s 16(2) of the CGST Act 2017 for claiming ITC has been fulfilled.
and what are that 4 conditions ?
plz brief about it shivam sir ?
plz brief about it shivam sir ?
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