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GST - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Input tax credit on the purchase of machinery - Since the ...

GST

November 21, 2019

Input tax credit on the purchase of machinery - Since the applicant is using the goods in equipments, as capital goods, in the course or furtherance of his business, he is eligible to take the credit of input tax charged on any supply of such goods. - ITC can be availed subject to section 16 and 17(5)

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