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itc on silver coin
sir ITC possible silver coin purchse as a expenses
Replies (9)
| Pearls, Diamonds, Gold, Platinum (5) | Coin | 7118 | 3% | |||
| Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form | HSN CODE 7106 | 3% | ||||
| Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured | 7111 | 3% | ||||
| Base metals or silver, clad with gold, not further worked than semi-manufactured | 7109 | 3% | ||||
| Base metals clad with silver, not further worked than semi-manufactured | 7107 | 3% |
input tax mil sakta h kya agar expense me dale to
Yes you can take ITC
But Should be furtherance of business
But Should be furtherance of business
but sir esko konse expense me show kre
what is the expense name it here
silver coin purchase
What type of business are you doing.
SHOW IN PURCHASES NOT AS EXPENSE
AND YES CAN BE AVAILED ITC ON IT
If silver coin is used for trading purpose , then it is treated as purchase not as expense.
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