input credit

ITC / Input 181 views 2 replies
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CA Final
122 Points Joined March 2009
Dear experts,

please clarify whether input credit available on payment of borewell undertaken in factory to get internal water for manufacturering GST output.
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On 27 March 2018 at 15:42 Report
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student
237 Points Joined February 2017
yes you can take credit your intension is to create taxable out
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On 28 March 2018 at 09:04
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GST Practitioner
55067 Points Joined June 2017
Such borewell shall form part of Plant and Machinery and hence ITC shall be available
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On 28 March 2018 at 09:59


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