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GST credit on capital goods
Can GST credit be availed on company's guest house asset which is used for company's employees?
Replies (13)
Yes you can claim on asset
What are the assets...?
Asset is Air Conditioner.
Normally You can claim ITC...
But, In deeply think about the uses of self (employees in residential nature) then it will be not acceptable...
But, In deeply think about the uses of self (employees in residential nature) then it will be not acceptable...
Since it is not specifically blocked under any clause of 17(5) , i think credit can be taken but it is quite debatable
Ok. Thanks all for knowledge sharing.
You are most welcome...
Differentiate the said section not blocked. But, Personal Nature not allowed in anywhere of the GST. As per query the said asset used in residential nature...
So, Only different become the uses...
Differentiate the said section not blocked. But, Personal Nature not allowed in anywhere of the GST. As per query the said asset used in residential nature...
So, Only different become the uses...
Dear Raja P M, Since it is an Air conditioner used in company's guest house which is used by employees, it is in the course of/furtherance of business and not purely for personal use in my opinion. But I also agree to your views and i feel it is quite debatable...
yes for the business or furtherance can be claimed
Also would like to through light on Re National Aluminium Company Ltd (GST AAR Odisha) where it has been held that appellant is entitled to input tax credit of the tax paid on inward supply of input and input service for maintenance of the guest house, transit house & training hostel but excluding the food & beverages provided in such establishment. So applying the anology ITC will be available even on Air conditioner installed in guesthouse
inputs, capital inputs and input service
AAR sought only regarding revenue expenses so it was rendered only for inputs and input services. But the importance is on the fact that guesthouse was held to be for furtherance of business so extending the anology even for capital goods it may be available.
@ padmanathan you're correct
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