hello. I m IPCC student.
I.T.C. is allowed on capital goods. If capital goods are purchased from outside state, still I.T.C. would be allowed?
thank u.
4 Replies
Deepak sharma
(Learner)
(1431 Points)
Replied 24 February 2016
No ! if purchased from outside the state
Shobhit Goel
(Chartered Accountant)
(101 Points)
Replied 25 February 2016
No, tax credit is allowed on purchases made from outside delhi.
DEVYANI SIDDHAPURA
(CA Final Student)
(73 Points)
Replied 26 February 2016
But sir,
I guess it's no where mentioned in the textbook that tax credit is allowed only on purchases made within Delhi of Capital goods.
Deepak sharma
(Learner)
(1431 Points)
Replied 26 February 2016
Tax credit not allowed on any purchase made from outside the state (Interstate purchases)
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