we are trading plastic commode stools, now I am giving a job work for making to manufacturer but I need to buy some machinery and equipment,
in this case, can I take ITC on the purchase of machinery
Yes, you can claim ITC ,you have a valid tax invoice issued in your name by the supplier and the machinery is used in the furtherance of your business.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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