input tax credit
Jamal Uddin Siddiqui (350 Points)
10 August 2018
Can ï take à banifit of input tax credit on lublicant Which is use for factory used
2 Replies
Sarath Rajendran
(Nil)
(2791 Points)
Replied 10 August 2018
yes
For taking INPUT both purchaser and Seller should be Registered
Shivam RC
(Student)
(23683 Points)
Replied 10 August 2018
Yes. You can take the benefit of ITC on lubricant purchased by you which is used in the course of business.
The only condition, as said by Sarath Sir, is that both the buyer and seller should be a Registered Person for availing ITC.
The only condition, as said by Sarath Sir, is that both the buyer and seller should be a Registered Person for availing ITC.
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