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can we claim Input tax credit on gst paid for repairs and maintenance of forklifts
can we claim Input tax credit on gst paid for repairs and maintenance of forklifts
Replies (3)
ITC will not be available for goods or services exclusively used for:
a. Personal use
b. Exempt supplies
c. Supplies for which ITC is specifically not available
in other case u can claim ITC if repair and maintenance is for the capital goods there are used in furtherance of business
Itc is available on purchase of forklift since it is not a motor vehicle (def of motar vehicle as per motar vehcle act) .Hence we can claim Itc on its repairs and maintenance also...
Are the above written lines correct.please anyone correct me if i am wrong.
Are the above written lines correct.please anyone correct me if i am wrong.
yes, itc is available on repair and maintenance of forklift. you must have taken it under plant and machinery in your bs.
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