ITC CLAIM


This query is : Resolved 

Quick Summary
Yes, you can generally claim Input Tax Credit (ITC) on the purchase of machinery, even if you intend to rent it out to another party. The key condition is that the machinery must be used in the course of your taxable supply. If the rental income is subject to GST, then the ITC on the machinery purchase is claimable.

17 January 2020 Can I Claim ITC on purchase of machinery ? if the same is given for rent to other ?

RAJA P M (Expert)
17 January 2020 Yes... You can claim ITC if it's used in Taxable Supply...

18 January 2020 Yes. ITC is available


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