Itc on capital goods
This query is : Open
Rajkumar Gutti
(Querist)
28 September 2017
Sir,
We are GST registered person & purchase one No.of Air conditioner machine
for Godown use. Supplier is also GST registered person. Supplier charged GST
in his A.C.machine invoice.
The said A.C.Machine we are capitalized as a fixed asset. In this situation can
we can take Input credit of A.C.Machine. Please Guide us with section,rules etc.
Thanking You,
Rajkumar Gutti
We are GST registered person & purchase one No.of Air conditioner machine
for Godown use. Supplier is also GST registered person. Supplier charged GST
in his A.C.machine invoice.
The said A.C.Machine we are capitalized as a fixed asset. In this situation can
we can take Input credit of A.C.Machine. Please Guide us with section,rules etc.
Thanking You,
Rajkumar Gutti
28 September 2017
Yes... It's nature of uses for business as you said. So, you can take ITC for the purchase of AC...
Also you can book it as your fixed asset and you can claim depreciation for the basic value (except GST value)
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