Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

ITC available or not

Sandesh Shet (student) (202 Points)

12 February 2018

I run restaurant business and furniture business on same PAN.. so from Nov 15 for restaurant I cannot take ITC right.. that applies for furniture business too? I can take ITC for furniture business or not?
please reply experts

Reply
Follow
Share

5 Replies

vasim vahora (Student CA IPC / IPCC) (26 Points)
Replied 12 February 2018

no you cannot take itc in furniture business

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 12 February 2018

Your Query is not cleared.

But, Based on assumption of Your query...

You can available ITC for the Furniture Business if based Only Your Furniture Business..

You can't use Your ITC of Restuarent Business related ITC to Furniture Business...

Sandesh Shet (student) (202 Points)
Replied 13 February 2018

I cannot use my input on purchases of furniture?

Sandesh Shet (student) (202 Points)
Replied 13 February 2018

for restaurant business I cannot claim ITC I know that.. for furniture business how can I not claim my ITC of furniture purchased... business is seperate but on single PAN..