input tax credit
Yogesh Pandey (144 Points)
03 July 2018
whether input tax on amount paid by research institutions for library subscripttion is eligible for input tax credit or not?
2 Replies
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 03 July 2018
Yes. ITC is eligible on all inward supplies either goods or service used in furtherance of business.
Yogesh Pandey
(144 Points)
Replied 03 July 2018
ok... and also told me that input available on these;
repair work on building like extension, LED bulb, CFL holder and other electrical work etc
repair work on building like extension, LED bulb, CFL holder and other electrical work etc
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