Regarding ITC

This query is : Resolved 
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If your client has purchased a JCB excavator for construction contracts, they can claim Input Tax Credit (ITC) on this capital asset. The ITC can be claimed over a period of 60 months. This means that the tax paid on the purchase of the excavator is eligible for credit.

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(Querist)
27 January 2020 One of My Client have purchase exavator (JCB)machine for construction & work contract can he take itc on that
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2020 Yes ITC can be taken over a period of 60 months being capital asset.
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 January 2020 ITC is available in this case
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