ITC on scrap machine

ITC / Input 407 views 3 replies
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47 Points Joined April 2019
can we claim ITC on machine which turns scrap into bunldes...
he is a scrap dealer ...
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On 25 July 2019 at 18:15 Report
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ACCOUNTANT
2975 Points Joined August 2017

Yes He can claim ITC.

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On 25 July 2019 at 18:47
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Yes... ITC is available.
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On 25 July 2019 at 22:14
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Student
23688 Points Joined November 2017
Yes you can claim ITC on Machine provided that you satisfy all the 4 conditions as laid down u/s 16(2) of the CGST Act 2017.
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On 25 July 2019 at 23:42


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