Dear Sir,
Good Morning to all. We purchased PVC pipes and submersible motor pump for usage of borewell at our factory., The Gst paid on the purchases . We request the experts to clarify whether the gst paid on this is eligible for input credit.
Please clarifiy.
Thanks & Regards,
S.Ramakrishnan
GST Input Tax Credit Eligible for PVC Pipes and Submersible Motor Pump Used in Business Operations A participant inquired about the eligibility for input tax credit (ITC) on GST paid for purchasing PVC pipes and a submersible motor pump used for a borewell at their factory. Four experts responded, confirming that the GST paid on these items is eligible for ITC. They clarified that since these items are used in the course or furtherance of business and are not excluded under the input tax credit provisions, the credit can be claimed. (AI Summary)
Goods and Services Tax - GST