TMI BlogGSTGST credit on new machinery purchasedX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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