Dear friend, kindly let me know the availability of ITC for capital goods mobile phone purchase in industry
regards
saurabh JAIN
4 Replies
saurabh jain
(manager)
(174 Points)
Replied 16 August 2019
yes GST is mention on invoice received, but can we claim ITC on Mobile phone purchase in business of textile industry
Shivam RC
(Student)
(23683 Points)
Replied 16 August 2019
Yes you can avail ITC provided that the capital goods is being used in the course or furtherance of business and all the FOUR conditions as laid down u/s 16(2) of the CGST Act 2017 for claiming ITC has been fulfilled.
HARSHIL JAIN
(MD)
(338 Points)
Replied 17 August 2019
and what are that 4 conditions ?
plz brief about it shivam sir ?
plz brief about it shivam sir ?
Recent Topics
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
