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Gst input tax credit

prakash ankushrao (accountant ) (25 Points)

28 June 2018

Can we claim the GST input for a furniture purchased for office use ???

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5 Replies

Jeeva Thangavelu (Student CA Final ) (609 Points)
Replied 28 June 2018

Yes you can claim ITC

1 Like

Rammi_RP Rawat (Accountant ) (386 Points)
Replied 28 June 2018

It's allowed. Section 16(1) of the CGST Act, 2017 “Every Registered Person take credit of input tax charged on any supply of goods or services or both to him, which are used or intended to be used in the course or furtherance of his business”.

2 Like

kiran kumar patra (accountant) (86 Points)
Replied 28 June 2018

YES YOU CAN CLAIM FOR ITC IF YOU PURCHASED FOR OFFICE . BUT PURCHASE GST INVOICE IS MUST FOR ITC .

1 Like

Vinod Babu (24196 Points)
Replied 28 June 2018

Yes, you can claim ITC on furniture when used for office purpose. For claiming ITC, Your invoice must have GSTIN number and company name on it.

1 Like

surjeet singh (2 Points)
Replied 29 June 2018

I have recently put my money in one of the builder projects, As per our initials, discussion Builder representative agreed to return the Input tax credit. But later, they denied to return anything in term of Input Tax Return, stating they are not get anything in return. I would like to know how this input tax credit being calculated and refunded. Is that correct that builder will not get anything in return?

I have paid 12% of GST on my total Selling price. Appreciate your help in this matter.

Regard’s

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