itc available
deepak jain (agra) (28 Points)
03 May 2019
ac,furniture,electric fitting in hotel business can we take itc on this
1 Replies
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 03 May 2019
No bar on taking ITC on those items. Previously VAT disallows CENVAT credit of VAT paid on electrical items. Indeed, those items are not listed in Blocked credit items. So as long as all conditions for availing ITC as per Chapter V of CGST rules complied, you can avail of input tax credit.
Recent Topics
- Capital account entry in tally
- TDS Applicability on Commercial Photography &
- CSR via Trusts and Form 10BE – Legality of 8
- NRO Conversion vs Closing Account and Gifting to M
- Exchange gain loss
- Donation to Prime Minister Relief Fund
- Depreciation rate software
- New GST Registration - Co Working and Virtual Pl
- Query regarding place of business in GST registrat
- GST on Plot Sale
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
