banner_ad

Itc on office furniture in gst

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 May 2018 Dear Experts,

Can we take ITC on Office Furniture & Fixture under CGST Act, 2017?
If yes, so in which head it should be capitalized either in Plant & Machinery or
in Furniture & Fixture.

I am so confused from Section 17(5).

Please advise.
Profile Image

Kalam

Profile Image

Kalam (Expert)
14 May 2018 You can take ITC on office furniture. It is not under blocked credit. Once you take ITC, you cannot capitalise the same.
Profile Image

Rakesh Sharma

Profile Image

Rakesh Sharma (Querist)
14 May 2018 Sir, where we show the office furniture, in Balance sheet or in P & L?
Profile Image

CA Ankit R Momaya

Profile Image

CA Ankit R Momaya (Expert)
14 May 2018 You can show the Office Furniture in the Balance Sheet. What Kalam meant was you cannot capitalise only the Input Tax Credit Portion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details