Gst input credit rules for purchase office asset purchase

Section 17(5) provides following goods or services input tax credit shall not he available

[d] goods or services or both received by a taxable person for construction of an immovable property [other than plant or machinery] on his own account including when such goods or services or both are used in the course or furtherance of business.

All other exp. Shall be allowed.

Sir,

 

Thanks for your reply.

1) Can we take input credit from purchase of computer & Laptop for office use ?

2) Can we taken input credit from purchase of Furniture items for office Use ?

And now we are not construct a new office. Only Office alteration work is going on. (like.. Interior false ceiling work, Aluminium Door Work, Electrical Work)

Can we take input credit for the above Interior expense ?

Thanks & Regards,

M.Shanmugasundaram

 

for all input tax credit is available except on electricity exp 

For the purpose of section 17(5) construction includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalisation, to the said immovable property;

On office interior & electrical expenses you cannot take ITC as it will capitalised to Building account (as per section 17(5)


On remaining expense u can avail ITC

But there is option available on capital asset either to take itc or claim depreciation . Itc on capital asset is also available . That's my concern not a statement..

Can we take input tax credit for material storage and handling equipments