Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

ITC can take on

SRINIVAS (Accoutant) (33 Points)

06 August 2020

I purchased safety shoes for company purpose can I take ITC on this or not plz give suggestion anyone..

Reply
Follow
Share

1 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 06 August 2020

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).

1 Like