Input tax creditsss
Sanat Harwadekar (21 Points)
12 July 2022
can ITC be claimed on grass cutter? and can it be capitalised?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193936 Points)
Replied 13 July 2022
Yes, provided used for business premises.
Sanat Harwadekar
(21 Points)
Replied 13 July 2022
Thank you for your response, however if the management decides to capitalise it, ITC cannot be claimed right?
CA Rashmi Gandhi
(Chartered Accountant)
(86469 Points)
Replied 15 July 2022
Yes you can't claim ITC if same is capitalised
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