GST on Temple Purchased

657 views
User Avatar

Account Officer
653 Points Posted on 25 May 2023
GST ITC availability on Movable Marble Temple purchased for office
0 Reply Share Follow
On 25 May 2023 at 12:53 Report
Replies (3)
Quick Summary
This discussion explores whether Input Tax Credit (ITC) for GST is available on a movable marble temple purchased for an office. The consensus is that ITC is generally eligible if the purchase is B2B and the temple can be considered for the furtherance of business. The key is demonstrating its necessity for conducting business operations, even if not directly used in transactions.

User Avatar

SEO Sai Gr. Hosp.
212455 Points Posted on 25 May 2023

Yes, eligible, provided bill is for B2B.

Reply
On 25 May 2023 at 14:35
User Avatar

Account Officer
653 Points Posted on 25 May 2023

But will concept furtherance of business apply our consultant denying ITC

Reply
On 25 May 2023 at 14:38
User Avatar

SEO Sai Gr. Hosp.
212455 Points Posted on 26 May 2023

There are so many assets in office which are used for business furtherance, even though not directly utilized in business transactions. The point is just to prove its necessity in your business conductance.

If you cannot start business without need of temple, you are eligible for ITC.....

Reply
On 26 May 2023 at 12:08

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Self assessment tax paid not reflected in ITR2 fil
  2. Tax on nps corpus
  3. Tired converting GSTR-1, 2B & 3B to Clean Exce
  4. TDS on under construction property not deducted
  5. GST on Fixed Assets
  6. GST ITC april 22
  7. GST PAYMENT REGARDING
  8. GST Consultation Required – June–Augus
  9. TDS Code for Salary Payment to Non-Resident Intern
  10. TDS on property

More recent discussions | Post

Related Topics :

Loading