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ITC eligible or Ineligible
My friend having Hardware shops in city. hardware tools items...can we claim Input tax credit ItC for hardware purcahse bills???
Replies (6)
What is the use of that hardware items purchased by You...???
(my question based as "You purchased hardware items from Your friend's shop"... Right...??? )
If yes, then what use...??
(my question based as "You purchased hardware items from Your friend's shop"... Right...??? )
If yes, then what use...??
Sir , not my purchase ,purcahse expenses related hardware goods can take ITC ?? by owner
Why doubt...???
Same business then he can take ITC for the purchase of goods...
| Originally posted by : MPR Sanjay Kumar | ||
 |
Sir , not my purchase ,purcahse expenses related hardware goods can take ITC ?? by owner |  |
No issues. He can take ITC.
In case it's used for any construction/building related maintenance then ITC not allowed.
I clIm this
Yes, ITC can be claimed for hardware purchase since he us into Hardware business
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