Deepak Kumar
(Chartered Accoountant)
(270 Points)
Replied 02 July 2017
IF goods is used by businessman/service provider for his business he can take credit of that goods, like AC, Fridge, TV etc, but when goods are used for personal purpose no credit will be available. It mean when goods will be ultimately used for personal purpose final tax will be reached to govt.
Deepak Kumar
(Chartered Accoountant)
(270 Points)
Replied 02 July 2017
IF goods is used by businessman/service provider for his business he can take credit of that goods, like AC, Fridge, TV etc, but when goods are used for personal purpose no credit will be available. It mean when goods will be ultimately used for personal purpose final tax will be reached to govt.
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