Menu
Itc for recks
in case of departmental store can i claim itc of recks. if yes against which head
Replies (7)
What is mean recks...?
Like steel furniture
Yes... You can claim ITC for the purchase of racks if You are Regular Dealer...
You can book the racks under Fixed Asset...
You can book the racks under Fixed Asset...
Yes i m a regular dealer. but that itc can be adjusted against which products
Which products...?
I can't understand this question...!
You can adjust Your output liability of any sale of goods...
I can't understand this question...!
You can adjust Your output liability of any sale of goods...
Ok then ...like can adjust from grocery products also
Yes... If it's taxable supply.
Adjust ITC to Output liability. No restriction for adjust to specific goods...
Adjust ITC to Output liability. No restriction for adjust to specific goods...
Recent Threads
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
Related Threads
CAclubindia
