REGARDING INPUT OF AC
This query is : Resolved
28 September 2023
OUR MAIN BUSINESS IS SELLING SUN GLASSES
WE PURCHASED AC FOR OFFICE USE
CAN WE CLAIM ITC
WE PURCHASED AC FOR OFFICE USE
CAN WE CLAIM ITC
28 September 2023
Yes ITC can be claimed
28 September 2023
KINDLY EXPLAIN SIR I HAVE ONE MORE CONFUSION AC ATTACH WITH IMMOVABLE PROPERTY,,, THEN WE CAN CLAIM ITC SIR
28 September 2023
ITC IN CASE OF IMMOVABLE PROPERTY CAN NOT BE CLAIMED
28 September 2023
I see this as an unfair treatment here although air conditioners are attached to the walls, they can be removed and fitted elsewhere. It is not immovable property. For example A centralised AC system is considered a plant and machinery and not immovable property, and thus restrictions u/s 17(5) should not apply. However, it should be ensured that the cost of the air conditioner should be separately booked as plant and machinery and not included in the building cost.
Under GST, every registered person should be eligible to claim ITC on purchase of goods/services intended to be used in the course of furtherance of business
Under GST, every registered person should be eligible to claim ITC on purchase of goods/services intended to be used in the course of furtherance of business
28 September 2023
THANKS ASHA KANTA SIR
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