we want to know ITC Availability on following items as our clients are opening a retail showroom
1.lift machines and ropes and circuit boards which are acquired directly by client and a contractor assembled in the premises
2.strong room door
3.Generator
4.bulbs
5.chairs
6.glass partitions which can be relocated
8.cat6 wire used for computer connection
9.electrical MCB circuit boards
10.Electrical transformer
11.wires for electrical connections
12.plywood and acrylic sheets from which wooden tables and chairs are made which can be moved
Thanks in advance
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ITC AVAILABILITY FOR RETAIL SHOWROOM AND OFFICE
Replies (4)
If they traders then ITC can be claimed
No ITC can be claimed because these items will use for only office completion..... not for trade....... pls show these item under indirect expenses...... no ITC will avail in ur case
If those are not for resale then ITC can't be availed
Anything which is going to capitalised in Building account , ITC is not available.
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