ITC
kumar hattanna (Officer - Excise) (525 Points)
26 September 2017
If we purchase kichen appliance for company to serve food to employee's,is ITC eligible to take credit.
4 Replies
Sujit Saha
(243 Points)
Replied 26 September 2017
No. It seems that your company does not deals in kitchen appliances or it doesn't have any commercial utility with the dealing, manufacturing of your company. So you can't take credit of ITC of such item.
kumar hattanna
(Officer - Excise)
(525 Points)
Replied 26 September 2017
Sir, does it not covered under the meaning of furtherence of business
Kamlesh Choudhary
(CA student)
(83 Points)
Replied 26 September 2017
I think ITC will be available.... becoz of furtherence of business rightly.
j.r.kota
(proprietor)
(79 Points)
Replied 30 September 2017
it is allowable because the expenditure is inccured in the course of business
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