19 April 2020
We have procured VRF AC outdoor units directly from the OEM for installing at our commercial building which is meant for leasing of business permises, There is no work contract involved with the OEM for the erection and commissioning of the Outdoor units. These outdoor units are installed on terrace of the said building. Can we avail input tax credit on these procurement . which gst clause is applicable in this case.
19 April 2020
You can avail input tax credit, since it cannot be said to be part of Building. Further, we assumed you are treating this as Plant & machinery.
CAclubindia
