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Itc availed on capital goods

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(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.
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Udaya Chandran

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Udaya Chandran (Expert)
01 March 2018 You cannot claim ITC on the inputs used for construction including renovation, if the expenses are capitalised.
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durgaprasad

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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
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durgaprasad

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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
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Udaya Chandran

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Udaya Chandran (Expert)
01 March 2018 You can take ITC on all the items used for business purpose except construction that is capitalized.
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durgaprasad

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durgaprasad (Querist)
01 March 2018 it is purely establishment of the business
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