ITC on capital goods of restaurants
Can we claim ITC on capital goods of restaurants purchases ,ex. tables, chairs, systems,Ac
Replies (2)
Dear Sir,
If any Dealer registered Under Composite Scheme under 5% slab :- Not eligible for Credit of Input as well as Capital Goods.
But If Dealer is eligible to claim input tax credit (ITC) when dealer not followed composite scheme.
Please Confirm It but as per my knowledge it is true.
thank u Soo much for the information and I
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
