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GSTGST credit on new machinery purchased

Goods and Services Tax - Started By: - Sahadev Maity - Dated:- 3-7-2017 Last Replied Date:- 16-7-2017 - 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% bu .....

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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 condition is you should be Capitalized machinery in your books of account as a cap .....

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