banner_ad

ITC claim on fixed assets

440 views 4 replies
User Avatar

27 Points Joined April 2017
my running business is all type of spring manufacturing. I have purchase automatic CNC machine from Rajkot, Gujarat with GST invoice.
can i claim ITC?
0 Reply Share Follow
On 28 March 2022 at 15:01 Report
Replies (4)
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
Yes.You can claim ITC
Reply
On 28 March 2022 at 15:18
User Avatar

Profession Business
28196 Points Joined May 2017
Conditions for claiming itc has to be fulfilled.
Reply
On 28 March 2022 at 15:26
User Avatar

915 Points Joined July 2017
GST payment voucher may b keep in ur hand.
Reply
On 28 March 2022 at 20:38
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
If it is for resale then you can claim ITC..

If you treat it as capital goods then you need to follow rules on ITC capital goods
Reply
On 28 March 2022 at 21:06

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details