GSTGST credit on new machinery purchased

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..... GSTGST credit on new machinery purchased
Query (Issue) Started By: - Sahadev Maity Dated:- 3-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Dear experts .....

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..... , 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 kindly advice me .....

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..... , 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 KASTURI SETHI: The Reply: W .....

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..... ait 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 condition is you should be Capitalized mac .....

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..... hinery 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. Reply By Sahadev Maity: The Reply: Thank you .....

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..... 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
Discussion Forum - Knowledge Sharing .....

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