claiming of input credit
Satish Kavitake (389 Points)
19 June 2018A Proprietary firm purchased Machinery with GST and given to partnership firm for use by way of becoming 50% partner in the firm
And accordingly, he receives share in profit as well as remuneration from firm
In such case,how owner of proprietary firm can claim input credit of GST paid on purchases of machinery
case B
A proprietary firm has purchased Machinery and given to partnership on rental basis
In such case,how owner of proprietary firm can claim input credit of GST paid on purchases of machinery
Pl advise