ITC ON AMC

SOWJANYA M (840 Points)

26 December 2019

hi
ITC on AMC on capitalised asset is eligible?
eg. AMC for lift
AMC FOR inverter
AMC for computer

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 December 2019

AMC FOR inverter - Yes...
AMC for computer - Yes...

AMC for lift

- If it's Your own building then no...
- If it's rented then Yes...

SOWJANYA M (840 Points)
Replied 26 December 2019

Dear raja sir
can I have any notification or section for this above explanation

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 26 December 2019

Please read sec 17(5) of CGST act... You can get exact clarity of non availability of ITC...

SOWJANYA M (840 Points)
Replied 26 December 2019

Thank you raja sir for the exact reply

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 December 2019

You are most welcome... ...

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