Dear Sir
my query is that what can a manufacturing unit allows for input tax credit on spare purchase for machinery repair etc
Yes you can take ITC
7 Replies
sampat
(accountant)
(89 Points)
Replied 23 June 2017
sir one more question
please explain me the billing activities if we send good for job works
please explain me the billing activities if we send good for job works
Lalit Nagpal
(Assistant Manager)
(541 Points)
Replied 23 June 2017
If principal is sending goods to job worker it can be done without payment of GST with delivery challan only provided that goods must return back to principal within one year. if it doesnt happen then goods sent to job worker will be treated as deemed supply and GST is payable.
sampat
(accountant)
(89 Points)
Replied 23 June 2017
sir when job worker send the good after job then he will issue invoice with adding 5% tax
and this tax we can tax credit
am I right sir
and this tax we can tax credit
am I right sir
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