Input credit on capital goods
This query is : Resolved
Ajay Agarwal
(Querist)
20 May 2017
Hi Experts
Plz tell me about input credit on capital goods purchase for business in Gst.
For example- if any business entity purchase car in the name of firm. can he claims input credit on it.
Thanks
Plz tell me about input credit on capital goods purchase for business in Gst.
For example- if any business entity purchase car in the name of firm. can he claims input credit on it.
Thanks
Guest
Guest
(Expert)
23 May 2017
Purchase of car is name of the company is not enough to claim itc under GST .It has to be used for specific purpose given in the Act
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