can we take ITC from Wood purchase
Rahmathullah p (101 Points)
18 March 2019
can we take ITC from Wood purchase?
5 Replies
Shivam RC
(Student)
(23683 Points)
Replied 19 March 2019
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.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 19 March 2019
No.... ITC not available if used to Personal...
Shivam RC
(Student)
(23683 Points)
Replied 20 March 2019
If used for Personal purpose then ITC not available
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