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Indirect Taxation
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...
CA Inter
★ 4K+
28-May-20 21:39
408
Answers (2)
Yes. Your understanding is correct.
CA Suraj Lakhotia
Admin
29-May-20 11:09
Thanks for clarifying..
Thread Starter
29-May-20 12:34