This discussion clarifies whether Input Tax Credit (ITC) can be claimed on modular kitchen furniture purchased for an office. The consensus is that ITC is claimable, and the furniture is considered a capital expenditure. Guidance on creating the relevant journal entry is also provided.
20 April 2025
I purchased modular kitchen furniture for office kitchen. Can i claim itc on modular kitchen If yes Then what is modular kitchen a. Capital expenditures b. Capital good C. any other iteam How to create journal entry