ITC on capital goods of restaurants
Pradeep Reddy (27 Points)
29 June 2019
Can we claim ITC on capital goods of restaurants purchases ,ex. tables, chairs, systems,Ac
Pradeep Reddy (27 Points)
29 June 2019
siddhesh
(si)
(198 Points)
Replied 29 June 2019
Dear Sir,
If any Dealer registered Under Composite Scheme under 5% slab :- Not eligible for Credit of Input as well as Capital Goods.
But If Dealer is eligible to claim input tax credit (ITC) when dealer not followed composite scheme.
Please Confirm It but as per my knowledge it is true.
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