Work contract service for plant & Machinery is not blocked under sec. 17 (5) (c) . Lift is a machine & the service is work contract service related to plant & machinery. In my view ITC is allowed.
IF YOUR CA ALLOW YOU TO BOOK UNDER REPAIR & MAINTENANCE , IN THAT CASE ITC IS AVAILABLE.
ITC IS AVAILABLE IF ITS NOT CAPITALISED
Dear Querist,
As per first explanation to 17(5), plant and machinery excluded land and buildings, hence you should check fiollowing points to take ITC or not,
1) whether it is a works contarct service or not (you check the invoice issued by supplier in this regard) ??
2) whether capitalised in books of accounts or not ???
kindly let me know above facts to deceide your query
Thanks
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