Itc availabe or not
This query is : Resolved
Srinivas Ch
(Querist)
19 October 2018
one of my client takes contracts with govt on roads, govt buliding constructions etc... In Dec 2017 client purchased sensor paver machine, Road roller, 2 proclainers on loan from a bank and for Dec 2017 ITC claimed on these machines Rs. 35,00,000/- and same machine suppliers filed gstr1 on client gstn (aslo showing in gst2a now). now my doubt is, they are eligible or not for ITC claiming under which section? Please tell me very very urgent.. Advance Thanks to all
GULRAJ AILANI
(Expert)
19 October 2018
ITC on plant and machinery is 100% allowable in your case
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