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ITC can take on
I purchased safety shoes for company purpose can I take ITC on this or not plz give suggestion anyone..
Replies (1)
Yes, you can take ITC credit of purchase of safety shoes for business purposes.
Every registered person, shall be entitled to avail input tax credit if the goods and services received is used or intended to be used for business purposes subject to fulfilment of condition of section 16 and Except it's blocked as per Section 17(5).
Every registered person, shall be entitled to avail input tax credit if the goods and services received is used or intended to be used for business purposes subject to fulfilment of condition of section 16 and Except it's blocked as per Section 17(5).
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