capital goods input
anil koul (Audit manager) (36 Points)
29 June 20191) on building material
2) Machinery like Air conditioner and tools and tackles
3) Furniture to be used in office
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 29 June 2019
If its a new building, all the material of building will be capitalised, so it comes under work contract and ITC is not allowed.
But in case of M/C and furniture-ITC allowed
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)