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ITC Vs 40A(3)

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Student
101 Points Posted on 01 May 2018
payment made in cash in excess of Rs 10000 for purchase of Fixed Asset. can itc be claimed ?
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On 01 May 2018 at 14:12 Report
Replies (3)
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SEO Sai Gr. Hosp.
211693 Points Posted on 01 May 2018

Sec 40A(3) of I T Act, doesn't restrict claim of ITC under GST.

581 Reply
On 01 May 2018 at 16:58
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867 Points Posted on 21 August 2018
you can claim itc. but can't claim depreciation.
11 Reply
On 21 August 2018 at 11:18
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practitioner
553 Points Posted on 21 August 2018

No restriction on ITC. u can claim it

2 Reply
On 21 August 2018 at 12:04


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