Allowability of itc
This query is : Resolved
ANIMESH PANDEY
(Querist)
08 June 2018
Dear Sir,
can we get ITC on purchase of office AC ?? Actually i am confused whether it treated as building material or machinery becaouse on building material we cant get itc .
pls advise
can we get ITC on purchase of office AC ?? Actually i am confused whether it treated as building material or machinery becaouse on building material we cant get itc .
pls advise
Vishakha Kejriwal.
(Expert)
09 June 2018
Please note that as per Section 17(5) of the CGST Act, goods or services or both received by a taxable person for construction of an immovable property (other than plant or machinery) is not eligible for ITC. Immovable property here includes building.
ANIMESH PANDEY
(Querist)
09 June 2018
My question is whether AC be treated as building material or not??
Vishakha Kejriwal.
(Expert)
09 June 2018
AC is office furniture and ITC would be allowed.
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