Jeetu Kodwani (Consultant) (421 Points)
05 July 2018
Jeeva Thangavelu
(Student CA Final )
(609 Points)
Replied 05 July 2018
ITC can be claimed from all inward supplies of goods or services which are used in the furtherance of business. Since its repair to the shop ITC can be claimed.
Jeetu Kodwani
(Consultant)
(421 Points)
Replied 05 July 2018
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 05 July 2018
GST has widened the coverage of goods and services eligible for ITC. Anything used for furtherance OTHER THAN those which are specifically excluded is available. If in nature of capital items which are capitalised - to ensure that credit is reduced when depreciation claimed.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 05 July 2018
GST has widened the coverage of goods and services eligible for ITC. Anything used for furtherance OTHER THAN those which are specifically excluded is available. If in nature of capital items which are capitalised - to ensure that credit is reduced when depreciation claimed.
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