ITC AVAILABLE ON FIRE HYDRENT SYSTEM INSTALLED IN FACTORY
This query is : Resolved
29 January 2020
Dear Experts,
Whether ITC available on Fire Hydrant System installed in Factory premises. ?
Whether ITC available on Fire Hydrant System installed in Factory premises. ?
29 January 2020
YES AVAILABLE .........AS ITS FURTHERANCE OF BUSINESS.
29 January 2020
since it is in furtherance of business, you can avail ITC
29 January 2020
But in many Advance ruling comes against this, they said that this is not fall under Plant and Machinery hence ITC would be not avalable.
For your reference please refer advance rulling : In re Nipro India Corporation Private Limited (GST AAR Maharashtra)
For your reference please refer advance rulling : In re Nipro India Corporation Private Limited (GST AAR Maharashtra)
29 January 2020
AAR is given based on the facts placed before it.
The crucial point in above discussion is "IN FURTHERANCE OF BUSINESS" So long as you are able to convince that the fire hydrant system is installed for the FURTHERANCE of the business, you can avail ITC
The crucial point in above discussion is "IN FURTHERANCE OF BUSINESS" So long as you are able to convince that the fire hydrant system is installed for the FURTHERANCE of the business, you can avail ITC
29 January 2020
Thanks for reply. Whether ITC on CIVIL work for foundation work in Fire Hydrant System available?
29 January 2020
You need to prove that without Foundation work, the Fire hydrant system can NOT become functional.
29 January 2020
Thanks for your valuable time.
29 January 2020
you are most welcome
..
..
30 January 2020
Whether ITC available on Puff Panel used in Factory Building?
30 January 2020
no ITC on building Material............
capitalized with gst amount
capitalized with gst amount
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
