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Can I take ITC on JCB and cranes by treating them as equipments.
I am confused whether anyone will object that JCB's and Cranes shall be treated as Motar vehicles. Can I say that they shall be treated as equipment and there is output GST from its usage, so I will be eligible to claim input tax credit on purchase of those JCB's and Cranes.
Replies (2)
if it is used for furtherance of business you can take credit. for eg. if your client is engaged in providing site preparation/ earth moving services credit can be taken.
It depends upon your nature of business.
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