can i take input on purchase of air conditioner and Furniture for my office. I am involved in business of garment maufacturing
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Quick Summary
This discussion explores the eligibility for claiming Input Tax Credit (ITC) on the purchase of an air conditioner and furniture for a garment manufacturing office. It confirms that ITC is indeed eligible, even if an air conditioner was claimed previously. The key takeaway is that ITC can be claimed in the first year of purchase.