Dear Experts,
While purchasing the Fire Extinguisher for official purposes, can we avail the ITC...
This fire extinguisher been grouped unded Plant and Machinery..
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ITC Availability for Fire extinguisher
Replies (5)
Yes, ITC can be availed on it as it's used for business.
ITC is available only if you are not dealing in exempted goods only
Input tax credit can be availed if used for furtherance of business.
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?
Yes you can claim depreciation also
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