My client having commercial rental income. Now he purchase some furniture for office use - can he claim ITC from the said purchase against output liabilities. Please advise and clarify - Thanks
ranjitkarmakar (service) (309 Points)
18 January 2025My client having commercial rental income. Now he purchase some furniture for office use - can he claim ITC from the said purchase against output liabilities. Please advise and clarify - Thanks
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6391 Points)
Replied 18 January 2025
Eligibility for ITC To claim ITC, your client must:
1. _Be registered under GST_: Ensure your client is registered under GST and has a valid GSTIN.
Conditions for ITC Claim To claim ITC, your client must also ensure:
1. _Furniture is not for personal use_: The furniture must not be used for personal purposes.
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies