Itc on capital goods purchase
This query is : Resolved
02 March 2018
Dear Madam/ Sir,
One of my was wholesale trader of exempted goods (banana) he wants to purchase of machinery for preservation of banana. the cost of machinery will be more than 13,00,00,0 lakhs rupees.
my question is he can claim itc on purchase of capital goods under gst act, because he make sales only exempted goods only, please the help me to claim the itc paid on capital goods
regards
One of my was wholesale trader of exempted goods (banana) he wants to purchase of machinery for preservation of banana. the cost of machinery will be more than 13,00,00,0 lakhs rupees.
my question is he can claim itc on purchase of capital goods under gst act, because he make sales only exempted goods only, please the help me to claim the itc paid on capital goods
regards
02 March 2018
He can''t claim itc on purchase of capital goods under gst act, because he make sales only exempted goods
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- ITR filing obligation due to savings deposit
- House keeping and security services ITC can claim
- Tax payment deduction from house loan EMI
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- DTAA India & UAE
- To Keep Records
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- NRI as second account holder of resident account
- Applicability of Ind AS on wholly owned subsidiary company (incorporated overseas)
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- Regarding 15CA.
- Others and immediately
- INVOICE VALIDATION IN GST
- GST refund claim on Purchase of Commercial Building
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
