claim input tax credit

Gaurav Pandey   26 April 2019

Gaurav Pandey

 3 likes  45 points

| My Other Post

A client installation his company A passenger lift. can he input claim ?????


Padmanathan Kv   26 April 2019

Padmanathan Kv

 112 likes  2112 points

View Profile | My Other Post

Depending on how he is showing in the books of accounts. If he is showing as revenue expense, he can claim ITC. If he is going to capitalise in the books, it will be treated as input on works contact/construction of immovable property and will be blocked credit.

1 Like

RAJA P M ("Do the Right Thing...!!!")     26 April 2019

"Do the Right Thing...!!!" 
 7282 likes  99563 points

View Profile | My Other Post

If the lift install newly then it will under capital nature. So, ITC not available...

May be it's already installed and make repairs and maintenance then he can claim ITC...

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »