Itc availed on capital goods
This query is : Resolved
durgaprasad
(Querist)
01 March 2018
I need to clarify about the ITC on capital goods:
We spent the capital expenditure for making of interiors and exterior of the function halls. We have a purchase bills of Tiles, Sanitariware, Iron, paints, generator and lift . Can we claim the ITC on capital goods for function halls business.
We spent the capital expenditure for making of interiors and exterior of the function halls. We have a purchase bills of Tiles, Sanitariware, Iron, paints, generator and lift . Can we claim the ITC on capital goods for function halls business.
Udaya Chandran
(Expert)
01 March 2018
You cannot claim ITC on the inputs used for construction including renovation, if the expenses are capitalised.
durgaprasad
(Querist)
01 March 2018
When the generator used for business purpose and lift provision is also used for business, as well as tiles and sanitaryware other capital purchases were exposing of our business premises for getting the business sources. In this situation can we availed of ITC GSt
durgaprasad
(Querist)
01 March 2018
When the generator used for business purpose and lift provision is also used for business, as well as tiles and sanitaryware other capital purchases were exposing of our business premises for getting the business sources. In this situation can we availed of ITC GSt
Udaya Chandran
(Expert)
01 March 2018
You can take ITC on all the items used for business purpose except construction that is capitalized.
durgaprasad
(Querist)
01 March 2018
it is purely establishment of the business
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