Input credit on business expenses.
This query is : Resolved
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.
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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