As per GST Law:- "ITC is available on inputs used to manufacture plant and machinery for own use."
Query:-
An Individual is constructing a factory for Industrial Production - can he avail ITC on inputs - like Cement, etc ?
amit (Accountant) (96 Points)
03 January 2018As per GST Law:- "ITC is available on inputs used to manufacture plant and machinery for own use."
Query:-
An Individual is constructing a factory for Industrial Production - can he avail ITC on inputs - like Cement, etc ?
Rohit Kumar Singh
(Founder - TaxMarvel Consulting Services LLP)
(9467 Points)
Replied 04 January 2018
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961