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?
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ITC claim on fixed assets
Replies (4)
Quick Summary
Yes.You can claim ITC
Conditions for claiming itc has to be fulfilled.
GST payment voucher may b keep in ur hand.
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
If you treat it as capital goods then you need to follow rules on ITC capital goods
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