the tax payer in the business of letting out of machine.
can the tax payer avail ITC on repairs to machinery and ITC on insurance to machinery
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ITC on repair to machinery
Replies (3)
Input tax credit on repairs to machinery can be availed provided used for the purpose of machinery.
@ Mr Visu Iyer,
Yes, ITC can be available for that machinery repair service and Insurance on Machinery.
Yes, ITC can be available for that machinery repair service and Insurance on Machinery.
Used for the purpose of business.
wrongly written machinery
wrongly written machinery
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