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
Menu
ITC on machinery in job work
Replies (2)
Quick Summary
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.
Machinery should be used for thevpurpose of business
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
