ITC on fixtures purchases for artgallery shop


This query is : Resolved 

Quick Summary
This discussion clarifies whether an art gallery can claim Input Tax Credit (ITC) on purchases such as furniture, lighting fixtures, and computers for its shop. The consensus is that ITC is claimable on these items as they are not considered part of the building itself. This allows businesses to recover the GST paid on eligible business expenses.

16 February 2022 hello sirs and madams,
we are setting up an art gallery in our location and for this purpose, we are purchasing furniture, light bulbs, lighting fixtures etc, computer etc. We are also getting GST bills from vendors with our GSTIN number to avail ITC.

I want to confirm if we can claim and avail ITC for these purchases. Kindly let me know..

16 February 2022 Yes, you can avail ITC on the above items as it's not a part of building.

17 February 2022 Thank you sir for the input..


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