hai good morning,
actually we had running manufacturing unit of cotton lint and seed. for the manufacturing of cotton lint we had purchase tractor to lifting cotton from godown to machinery in the mill premises. regarding this we will claim input or not what we had paid gst on tractor.
next also purchased bolero vehicle for mill purpose. it is not used for travelling. seating capacity 3. regarding this we can claim input or not.
next kia car purchased in the name firm to travelling partners for the firm purpose only. not using as personal works. regarding this input claim or not
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REGARDING INPUT
Replies (3)
Any assets purchased in the firm's name with it's GST Number on the Invoice and used for business purposes, can claim 100% ITC on it.
Thanking you madam
1. Tractor..ITC available
2. Bolero..if it's Goods carriage Vehicle (i.e commercial vehicle) than...ITC available
3. Car...ITC not available
2. Bolero..if it's Goods carriage Vehicle (i.e commercial vehicle) than...ITC available
3. Car...ITC not available
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