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INPUT TAX CREDIT

As per sec 18(1), is itc on goods held as stock or capital goods be eligible to Claim credit. Meaning ITC on Services or expenses not eligible to Claim credit.?


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

28-May-20 21:39

27

Answers (2)

Yes. Your understanding is correct.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-May-20 11:09

Thanks for clarifying..


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

29-May-20 12:34

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