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ITC / Input 283 views 4 replies
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Officer - Excise
525 Points Posted on 26 September 2017
If we purchase kichen appliance for company to serve food to employee's,is ITC eligible to take credit.
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On 26 September 2017 at 00:30 Report
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243 Points Posted on 26 September 2017
No. It seems that your company does not deals in kitchen appliances or it doesn't have any commercial utility with the dealing, manufacturing of your company. So you can't take credit of ITC of such item.
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On 26 September 2017 at 02:10
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Officer - Excise
525 Points Posted on 26 September 2017
Sir, does it not covered under the meaning of furtherence of business
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On 26 September 2017 at 08:02
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CA student
83 Points Posted on 26 September 2017
I think ITC will be available.... becoz of furtherence of business rightly.
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On 26 September 2017 at 09:01
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proprietor
79 Points Posted on 30 September 2017

it is allowable because the expenditure is inccured in the course of business

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On 30 September 2017 at 10:20


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