itc avail
MD HUSSAIN (195 Points)
20 May 2018
I AM A WORK CONTRUCTOR.......................can I AVAIL ITC???? .... (BYE A JCB FOR JOB PURPOSE)............
5 Replies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 20 May 2018
See GST SECTION 17
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 20 May 2018
Its normal business activities for the furtherance of business
As per section 16 CGST Act
Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in Section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
As per section 16 CGST Act
Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in Section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
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