Input tax credit available on maintenance of plant & machinery?
7 Replies
SANDEEP TIWARI
(Student CA Final )
(85 Points)
Replied 05 March 2019
Yes, you can avail ITC charged for maintenance of Plant & Machinery.
subhagan sreerangam
(7059 Points)
Replied 05 March 2019
You utilised the plant and machinery for the business purpose and also maintenance is your business purpose.So you can take ITC of maintenance of plant and machinery.
pritesh
(CA Final student)
(7101 Points)
Replied 05 March 2019
yes you can claim itc as per section 16
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