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ITC AVAILABILITY UNDER GST

ITC / Input 190 views 2 replies

TAMILSELVI.M

practising chartered accountant

77 Points Joined March 2011

I have purchased plywoods for making interior cupboards and tables work for my new office setup. Can I able to claim ITC for the same.

Cupboards are fixed against the wall but it can be detachable.

Replies (2)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes, You can claim ITC.

Input tax credit is available in case the following conditions are fulfilled:
1. gst registered dealer/taxable person
2. regular registration
3.composition scheme not allowed.
4. inter state sale input tax credit is allowable in case the there is registration.