ITC can claim on working Capital ??

300 views
User Avatar

40 Points Posted on 18 September 2020
sir mujhe ye puchhna tha ki agar m wood pr JOB work krta hun to kya m Drill machine or Cutter ka ITC claim kr skta hun.
0 Reply Share Follow
On 18 September 2020 at 20:06 Report
Replies (4)
Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on working capital expenses when undertaking job work. The consensus is that ITC is indeed claimable on items such as drill machines and cutters used for job work. This provides valuable guidance for businesses involved in such activities.

User Avatar

Practice
3235 Points Posted on 18 September 2020
Yes you can...
1 Reply
On 18 September 2020 at 20:36
User Avatar

Tax and Business Consultant
11616 Points Posted on 18 September 2020
Yes, App Drill machine or Cutter ka ITC claim kar sakate ho...
1 Reply
On 18 September 2020 at 20:40
User Avatar

40 Points Posted on 23 September 2020
Thank you sir CA Abhay Gupta and Sagar Patel
Reply
On 23 September 2020 at 20:36
User Avatar

Tax and Business Consultant
11616 Points Posted on 27 September 2020
Most welcome.........
Reply
On 27 September 2020 at 09:36

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on salary paid in cash
  2. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  3. Last Date To Fill ITR For Non-Audit Case
  4. Guidance Required on Filing Fresh Registration und
  5. IT Return Refund Status AY 2026-27
  6. Clarification Regarding Income Tax Demand Notice
  7. Online PAN Download: Check How?
  8. Demand of Late fee/Interest under section 75 of GS
  9. DSC registration on TRACES portal
  10. Can we get registered for MCA if we get a Virtual

More recent discussions | Post

Related Topics :

Loading