Input tax credit
Himanshu Sindha (Article) (43 Points)
11 January 2018Himanshu Sindha (Article) (43 Points)
11 January 2018
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 11 January 2018
if the material purchased is intended to be used in the course or in furtherance of business, then the ITC is allowed. You have not mentioned what is your business. You can take the call yourself in the light of above principle.
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 11 January 2018
Originally posted by : Himanshu Sindha | ||
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Sports material purchase for staff and Uniform purchase for staff on which GST is charged. can we take credit for the same ? | ![]() |
Hi,Himanshu,
Can i know what is the Nature of Business.
Himanshu Sindha
(Article)
(43 Points)
Replied 11 January 2018
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 11 January 2018
Finally your company is doing Service providering to the client, the customer etc.
In the case, Sports Materials used for staff as well as Staff benefit to playing games.you would not claim ITC it costs for the company.
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