We purchase lift for showroom of eye glasses
can we claim itc of lift nd this shop also is under construction
6 Replies
sabyasachi mukherjee
(27574 Points)
Replied 14 August 2023
If lift purchased for the purpose of construction then it is ok
ABHI KUMAR
(710 Points)
Replied 14 August 2023
Life used for shop for customer den we can claim itc sir
Mithun Pandey
(36 Points)
Replied 14 August 2023
ITC on Lift is not admissible , There are a number of articles available on it . Please read them once better consult your CA for safe side.
sabyasachi mukherjee
(27574 Points)
Replied 14 August 2023
Itc on lift is acceptable if used for furtherance of business.
Saurav Sharma
(Sharma & Associates)
(35 Points)
Replied 08 September 2023
You can claim itc of capital goods, but you never claim depreciation of ITC.
You have two choice:-
1) You claim itc , never claim depreciation on ITC of Lift, but you claim Depreciation Only taxable Amt.
2) And you are not claim ITC , You claim depreciation bill amt .
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