CAN CLAIM GST

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..... CAN CLAIM GST
Query (Issue) Started By: - PRADEEP SHUKLA Dated:- 19-11-2019 Last Reply Date:- 19-11-2019 VAT + CST
Got 2 Replies
VAT / Sales Tax
Dear Experts, I would like to know that .....

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..... company has purchased a laptop & done payment from company current account. If we take purchased in Capital Goods / Fixed Assets of company can we avail ITC for the same on invoice raised by supplier .....

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..... ??? Please help me in this query With Best Regards Pradeep Shukla Reply By SIVARAMA KUMAR: The Reply: Yes ITC is eligible in full if your business consists of taxable services alone . In case you .....

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..... run a business partly taxable and partly exempted then you need to reverse the ITC for the exempted turnover ( common credit mechanism applicable as per the rules) Reply By Ganeshan Kalyani: The Rep .....

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..... ly: Either GST credit or depreciation benefit one can claim in GST.
Discussion Forum - Knowledge Sharing .....

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