Input credit

This query is : Resolved

T.N.Reddy

T.N.Reddy (Querist)
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10 July 2018 Dear Sir,

can we claim the input tax credit of tax paid on purchase and installed of AC's ( Split AC's) both in the Office and Showroom.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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10 July 2018 If you are paying the normal rate of duty on supply of goods or services then you can avail the input services on these products.

T.N.Reddy

T.N.Reddy (Querist)
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10 July 2018 Sir, we are in to the supplying of home high end furniture which attract 18% GST. However, for the purpose of office use and show room use, we have purchased 6 nos. Split AC's and installed. Hence, our outward supply is taxable..
Therefore, what i have understood from your reply is that, if i am in to taxable outward supply, then i can avail the credit is that mean you have conveyed to me.
kindly confirm. please

RAJA P M

RAJA P M (Expert)
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10 July 2018 You can avail the ITC benefits for the purchase of ACs...

Message likes : 1 times

CA PRAVEEN

CA PRAVEEN (Expert)
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13 August 2018 You can claim ITC on purchase of AC provided Bill will be in name of Co/Firm (Type of Assesses) and GST No. must mentioned in Co. Bill.

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