my running business is all type of spring manufacturing. I have purchase automatic CNC machine from Rajkot, Gujarat with GST invoice.
can i claim ITC?
4 Replies
sabyasachi mukherjee
(27721 Points)
Replied 28 March 2022
Conditions for claiming itc has to be fulfilled.
Imthias ahamed Kormath
(910 Points)
Replied 28 March 2022
GST payment voucher may b keep in ur hand.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
If it is for resale then you can claim ITC..
If you treat it as capital goods then you need to follow rules on ITC capital goods
If you treat it as capital goods then you need to follow rules on ITC capital goods
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