Regarding ITC


This query is : Resolved 

Quick Summary
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.

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

28 January 2020 Yes ITC can be taken over a period of 60 months being capital asset.

29 January 2020 ITC is available in this case


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