We have a trading firm of Sanitary ware. We have purchased Air conditioners for one of our showrooms. Can GST (CG + SG) paid on the AC purchased be claimed as ITC?
4 Replies
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 03 April 2019
Yes, GST ITC can be availed on air conditioner since it is used for business purposes.
Deeptha Srinivasa Ragavan
(Article Assisstant)
(233 Points)
Replied 03 April 2019
it s a capital good and hence eligible under section 16 of CGST act
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 03 April 2019
Yes... You can avail ITC benefit.
Priya Kashyap
(Student)
(7053 Points)
Replied 03 April 2019
treated a s capital asset and ITC can be Availed as used in the business
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