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Input credit on business expenses.

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(Querist)
01 April 2017 Suppose a business buys a generator or say Car after GST is implemented, than can the tax paid on the these items could be claimed as Input Credit. Does, definition of Input Credit is expanded to include these credit.
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Rajesh Kumar

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Rajesh Kumar (Expert)
02 April 2017 Input credit on cars is specifically barred. Input credit on generators shall be available as credit on capital goods.

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