the tax payer in the business of letting out of machine.
can the tax payer avail ITC on repairs to machinery and ITC on insurance to machinery
3 Replies
sabyasachi mukherjee
(27709 Points)
Replied 20 April 2024
Input tax credit on repairs to machinery can be availed provided used for the purpose of machinery.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 20 April 2024
@ Mr Visu Iyer,
Yes, ITC can be available for that machinery repair service and Insurance on Machinery.
Yes, ITC can be available for that machinery repair service and Insurance on Machinery.
sabyasachi mukherjee
(27709 Points)
Replied 21 April 2024
Used for the purpose of business.
wrongly written machinery
wrongly written machinery
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