Input tax creditsss

can ITC be claimed on grass cutter? and can it be capitalised?
Replies (3)
Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for a grass cutter used in business premises. It confirms that ITC can be claimed if the asset is used for business purposes. However, if the management decides to capitalise the grass cutter, then ITC cannot be claimed.

Yes, provided used for business premises.

Thank you for your response, however if the management decides to capitalise it, ITC cannot be claimed right?
Yes you can't claim ITC if same is capitalised

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