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GSTGST credit on new machinery purchased

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..... Dear experts, I am going to start a new factory, for the I need to buy some machineris from outer state of Rs around 30lacs. Previous CST was 2% but now GST is 18% on purchase of machinery. So kind .....

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..... ly advice me, can I avail the GST credit on purchase of that machinery if yes then how? I would be very grateful to u all. Thanks regards, sahadev Maity mob-9654621194 - Reply By K .....

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..... ASTURI SETHI - The Reply = Wait for new GST Credit Rules. - Reply By MUKUND THAKKAR - The Reply = Yes, Under GST Regime you are eligible to take GST credit of purchase the Machinery. but conditio .....

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..... n is you should be Capitalized machinery in your books of account as a capital goods and take 100% ITC. - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Mukund Thanks, Sir. - Repl .....

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..... y By Sahadev Maity - The Reply = Thank you all 🙏🏻 - Reply By Ramesh Kothari - The Reply = Yes I can avail GST on CG and same utilize at the time of dispatch of material in same year .....

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..... - GSTGST credit on new machinery purchased - Query Started By: - Sahadev Maity Dated:- 3-7-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, rep .....

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..... ly post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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