lighting showroom(trading) in rental building, we have godown also in the top floor and we fitted one lift extra for goods movement. please let me know whether ITC available
13 November 2018
Sir, can we treat this "lift" as furtherance of business as per section 17(5) gst?. we have also purchased tiles, cement , plywood , A/C etc for our upcoming additional showroom in the first floor which is also rented one and all are GST bill. Could you please let me know whether ITC is eligible for this or not. or capitalization only? thanks in advance
13 November 2018
ok sir, if we have addition of showroom say currently we are in ground floor and we are opening one more showroom in the first floor, so for renovation we are purchasing tiles, cement, AC etc , both having only one GST registration. can we take ITC for that cost incurred ?
24 November 2018
sir, we purchased one car for our mg partner in the name of firm. tcs1% is there. could u pls help me how to pass journal entry of tcs1%
CAclubindia
