input credit on machinery
Kiran c Kiran c (5 Points)
10 April 2017
dear sir can claim input credit on purchase of machinery. please tell me sir
2 Replies
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 10 April 2017
Yes, on machinery input credit is available. As the machine is capitalized, input credit has be available as input credit on capital goods.
RAMESH POLINENI
(ca)
(359 Points)
Replied 10 April 2017
could you explain how can we adjust these input credit from the gst out put credit?
Recent Topics
- Different HSN code and GST Rate on Sale and Purcha
- Employer in State A and Employees in State B - Whe
- Income Tax Portal issue
- Paypal Charges
- COMPANY ITR AND BALANCE SHEET
- TDS 194R questions
- GST Registration - Professional
- Regarding SPL 02 Filing
- GST ITC claim time limit
- Gym membership reimbu.rsement
Related Threads
CAclubindia
