HSN CODE INTERLOK TILES?

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245 Points Posted on 02 July 2020
what is HSN code of interlok tiles???
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On 02 July 2020 at 16:51 Report
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This discussion clarifies that the HSN code for interlok tiles is 7016, with GST applicable at 18%. It also addresses whether GST paid on tiles purchased for a leased showroom can be claimed as Input Tax Credit (ITC). Furthermore, it explores whether such tile purchases should be treated as a revenue or capital expenditure, considering the leased nature of the property.

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1313 Points Posted on 02 July 2020
HSN Code of interlock Tiles:7016
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On 02 July 2020 at 17:02
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4215 Points Posted on 02 July 2020
HSN code is 7016 and GST @ 18%
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On 02 July 2020 at 21:53
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63 Points Posted on 06 November 2020

I have a partnership firm wherein we have recently opened a showroom of branded apparels. The showroom has been taken on lease. I purchased tiles for the floor of the showroom. I paid GST @ 18% on the purchase of tiles. 

Request you to confirm if I can avail ITC of GST paid on purchase of tiles.

 

Also please confirm that that purchase of tiles is a revenue expenditure or a capital expenditure. Please note that the showroom has been taken on lease and is not owned property

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On 06 November 2020 at 18:09

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