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gst credit on rolling shutter

Jeetu Kodwani (Consultant) (412 Points)

05 July 2018

dear experts..

can I take the gst credit on rolling shutter purchased for my shop.
as it is not an immovable property.

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6 Replies

Jeeva Thangavelu (Student CA Final ) (609 Points)
Replied 05 July 2018

ITC can be claimed from all inward supplies of goods or services which are used in the furtherance of business. Since its repair to the shop ITC can be claimed.

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Jeetu Kodwani (Consultant) (412 Points)
Replied 05 July 2018

thanks..

and what about ITC on electrical fitting....?

Jeeva Thangavelu (Student CA Final ) (609 Points)
Replied 05 July 2018

That also can be claimed

Madhukar N Hiregange (Chartered Accountant) (38934 Points)
Replied 05 July 2018

GST has widened the coverage of goods and services eligible for ITC. Anything used for furtherance OTHER THAN those which are specifically excluded is available. If in nature of capital items which are capitalised - to ensure that credit is reduced when depreciation claimed.