ITC AVAILABLE ON FIRE HYDRENT SYSTEM INSTALLED IN FACTORY
This query is : Resolved
29 January 2020
Dear Experts,
Whether ITC available on Fire Hydrant System installed in Factory premises. ?
Whether ITC available on Fire Hydrant System installed in Factory premises. ?
29 January 2020
YES AVAILABLE .........AS ITS FURTHERANCE OF BUSINESS.
29 January 2020
since it is in furtherance of business, you can avail ITC
29 January 2020
But in many Advance ruling comes against this, they said that this is not fall under Plant and Machinery hence ITC would be not avalable.
For your reference please refer advance rulling : In re Nipro India Corporation Private Limited (GST AAR Maharashtra)
For your reference please refer advance rulling : In re Nipro India Corporation Private Limited (GST AAR Maharashtra)
29 January 2020
AAR is given based on the facts placed before it.
The crucial point in above discussion is "IN FURTHERANCE OF BUSINESS" So long as you are able to convince that the fire hydrant system is installed for the FURTHERANCE of the business, you can avail ITC
The crucial point in above discussion is "IN FURTHERANCE OF BUSINESS" So long as you are able to convince that the fire hydrant system is installed for the FURTHERANCE of the business, you can avail ITC
29 January 2020
Thanks for reply. Whether ITC on CIVIL work for foundation work in Fire Hydrant System available?
29 January 2020
You need to prove that without Foundation work, the Fire hydrant system can NOT become functional.
29 January 2020
Thanks for your valuable time.
29 January 2020
you are most welcome
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30 January 2020
Whether ITC available on Puff Panel used in Factory Building?
30 January 2020
no ITC on building Material............
capitalized with gst amount
capitalized with gst amount
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