INPUT CREDIT ON LIFT/ELEVATOR INSTALLED IN BAKERY SHOP
P MURUGAN (ACCOUNTANT) (204 Points)
31 May 2019
CA Haritha Komma
(Chartered Accountant)
(1147 Points)
Replied 31 May 2019
To which account it is capitalized? - Building etc..
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 01 June 2019
P MURUGAN
(ACCOUNTANT)
(204 Points)
Replied 03 June 2019
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 04 June 2019
dear ,
as i replied , if its being used in carrying goods, it can capitalised as machinery , & as per section 17(5) , the itc can be claim on machinery
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