gst Set off (itc)
Mansi Mhapsekar (158 Points)
30 April 2018
I have proprietorship, I m investing few amount in gold, I have received bill with GST, this bill could we take for GST set off.
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 30 April 2018
No..... if you purchase gold for personal use...
Mansi Mhapsekar
(158 Points)
Replied 30 April 2018
if bill is taken in the firm name, then also not used for set-off
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 30 April 2018
No as same is ineligible u/s 17(5)
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