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regarding ITC

ITC / Input 155 views 4 replies
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accountant
23 Points Posted on 25 February 2018
Can I get ITC when sale to unregistered dealer?
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On 25 February 2018 at 00:08 Report
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Student
3154 Points Posted on 25 February 2018
Yes , you can claim ITC even if your outward supply (i.e. sale ) to a unresisted person.
7 Reply
On 25 February 2018 at 00:21
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52 Points Posted on 25 February 2018
Input Tax Credit depends upon the tax charged (Central tax, State tax, Integrated tax or Union Territory tax) to any Registered Person on any supply of goods or services or both used or intended to be used by him in course of his business, not on his supply part.
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On 25 February 2018 at 08:00
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ACCOUNTANT
210 Points Posted on 25 February 2018

when purchase of MACHINERRY TOTAL SUM OF RS.66000/=.  CAN WE CLAIM ITC OR DEPRECIATION.  IF DEPRECIATION CLAIM WHAT TO DO

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On 25 February 2018 at 14:39
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Student
3154 Points Posted on 25 February 2018
you can claim either ITC or for such ITC amount claim depreciation.
you can't claim both ITC and depreciation at the same time.
If you claim depreciation on total amount of assets (including GST amount ) you have to leave your ITC.
7 Reply
On 25 February 2018 at 15:07


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