Purchase of tripper, grader & roller by a construction company and Gst paid on such purchase. Can the GST paid be available as ITC for the assessee?
Thanks sorry the reply in advance
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ITC ELIGIBILITY ON PURCHASE OF TRIPPER, GRADER & ROLLER
Replies (2)
Yes, provided the construction company has opted for outward service having GST rate with ITC...
To claim input tax credit three conditions are pertinent
1. gst registration.
2. regular assesse
3. tax invoice.
1. gst registration.
2. regular assesse
3. tax invoice.
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