Wednesday, September 9, 2020

GST: ITC can be availed on Equipment, Furniture, Reagents/consumables used for Performing Test, rules AAR [Read Order]

The Karnataka Authority of Advance Ruling (AAR) ruled the Input Tax Credit (ITC) can be availed on equipment, furniture, reagents/consumables used for performing tests. The applicant, Siddalingappa Palalochna Rakshit is a proprietary concern having brand name of “Bangalore Medical System” and registered under the provisions of the Goods and Services Act, 2017. They are into […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3m7nfaw

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