Construction company purchased oxygen concentrater , whether itc is available or not ?

270 views
User Avatar

32 Points Posted on 03 October 2020
Good afternoon sir
Sir construction company purchased oxygen concentrater , whether itc is available or not ?
0 Reply Share Follow
On 03 October 2020 at 14:42 Report
Replies (3)
Quick Summary
A construction company has purchased an oxygen concentrator and is seeking clarification on Input Tax Credit (ITC) availability. The key consideration is whether the purchase is for business purposes, such as plant or machinery, which may be eligible for ITC under the CGST Act. If the concentrator is for personal consumption, ITC would likely be ineligible.

User Avatar

Tax and Business Consultant
11616 Points Posted on 04 October 2020
Is it's used for business purposes ?
For which purpose in construction industry.
Reply
On 04 October 2020 at 08:50
User Avatar

32 Points Posted on 05 October 2020
For health
Reply
On 05 October 2020 at 14:16
User Avatar

Partner - Audit & Assistance
4825 Points Posted on 05 October 2020

Dear Mr. Nisar this can be claimed as nexus to business can be proved. Such plant/machinery does not form part of Sec 17(5) of CGST Act in my view. Where it is not for business, rather is for personal consumption then ITC could be said to be ineligible.  

Reply
On 05 October 2020 at 15:10

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Last Date To Fill ITR For Non-Audit Case
  2. Guidance Required on Filing Fresh Registration und
  3. IT Return Refund Status AY 2026-27
  4. Clarification Regarding Income Tax Demand Notice
  5. Online PAN Download: Check How?
  6. Demand of Late fee/Interest under section 75 of GS
  7. DSC registration on TRACES portal
  8. Can we get registered for MCA if we get a Virtual
  9. DONATION PAYMENT REG
  10. GST IDS Refund – Statement 01A: Invoice Not

More recent discussions | Post

Related Topics :

Loading