Eligibility of itc
Mukesh babu (No) (105 Points)
14 August 2020
whether ID card printing expenses can be eligible for claiming Input tax credit? or it is not eligible for input tax credit?
4 Replies
Pawan Vemula
(284 Points)
Replied 14 August 2020
If The Expence For Business Purpose U Can Take Input Tax Credit Other Wise Itc Not Allowed
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 16 August 2020
As per Section 16(1) Every Registered Person shall be entitled to take Input tax Credit on any supply of goods or services or both to him which are used or intended to be used in the course of furtherance of his business.
So in you case, it's for furtherance of business, you can take ITC subject to section 16 i.e your GSTIN on bill ect.
So in you case, it's for furtherance of business, you can take ITC subject to section 16 i.e your GSTIN on bill ect.
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