purchased 1.5 Mitsubishi air condition by raising invoice in the name of business firm. Having business of Papad & Pickles supply. Can I claim 100% ITC with out any refund or reverse of credit????
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 09 June 2021
If depreciation is claimed then ITC cannot be claimed otherwise ITC can be claimed
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 10 June 2021
You claim ITC and then you utilise that ITC when paying GST on your sales
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