Dear Experts,
While purchasing the Fire Extinguisher for official purposes, can we avail the ITC...
This fire extinguisher been grouped unded Plant and Machinery..
Yes, ITC can be availed on it as it's used for business.
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 19 June 2022
ITC is available only if you are not dealing in exempted goods only
sabyasachi mukherjee
(27734 Points)
Replied 19 June 2022
Input tax credit can be availed if used for furtherance of business.
Marimuthu
(Manager)
(525 Points)
Replied 19 June 2022
Thank you Experts
it would be so happy to get the answer for
can we get depreciation too?
it would be so happy to get the answer for
can we get depreciation too?
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 19 June 2022
Yes you can claim depreciation also
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