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 SAI
(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
- Omr wrongly shaded
- RCM applicability if received from registered deal
- Gst- bill to ship to
- TDS and GST ITC on Membership fees to club
- ITC on Canteen Services by Outsiders
- STPI/Non-STPI registration
- 6 DIGIT HSN CODE QUERY
- TDS on Telephone charges and Internet charges
- CGT on Policies purchased in LIC International whe
- RCM Rate on GTA Services
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
