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can we take ITC from Wood purchase
can we take ITC from Wood purchase?
Replies (5)
What is the use...?
If the wood is being used in the course of or furtherance of business, then YES.
Refer Section 16(1) and also Section 16(2) of the CGST Act 2017.
Refer Section 16(1) and also Section 16(2) of the CGST Act 2017.
Personal use
No.... ITC not available if used to Personal...
If used for Personal purpose then ITC not available
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