A company purchases Forklift (Fixed asset, Capital goods) and engaged in the business of giving it on rent to Other Factories and get rental charge.
Can they take GST ITC credit on Forklift purchase?
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Itc credit on forklift purchased (fixed goods) and engaged in the business of given them for rent
Replies (2)
Yes .... can claim ITC
Yes it is for furtherance of business.so you cam claim itc
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