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????
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ITC on Fixed Assets
Replies (5)
Yes, you can take ITC on FA
If depreciation is claimed then ITC cannot be claimed otherwise ITC can be claimed
Itc can be claimed....
Do it need any refund or reversal??
You claim ITC and then you utilise that ITC when paying GST on your sales
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