ITC on GST paid on AC
Mohit Chitkara (23 Points)
17 July 2017
If we Purchase an AC for use in the Business Premises. Can we Take ITC on GST paid on that AC?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 July 2017
No... Not available ITC for AC if you using your Own Purpose or Your Business Purpose....
Momin Ali
(156 Points)
Replied 17 July 2017
but AC is not in the negative list provided by the govt. so we can take the credit but we can not show in depreciation working if we availed the credit. plz check and confirm
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 July 2017
In my view.,
Direct involved to mfg items is allowed ITC. all other is not available.
Also Electronic goods can't available. It's only consider firm's fixed Assets....
Once again I'll confirm and see the rules in GST.
finally we can wait our experts opinion
Direct involved to mfg items is allowed ITC. all other is not available.
Also Electronic goods can't available. It's only consider firm's fixed Assets....
Once again I'll confirm and see the rules in GST.
finally we can wait our experts opinion
Momin Ali
(156 Points)
Replied 17 July 2017
we are trading dealer and taking the ITC except negative list provided by govt. plz check and per your end.
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