ITC Available
subhagan sreerangam (7059 Points)
23 October 2019
Can ITC get furniture purchased at beuty parlour.
2 Replies
Shivam RC
(Student)
(23683 Points)
Replied 23 October 2019
Yes...
If the Furniture is used for business purpose, then the Registered Person can claim ITC. According to the Provision of Section 16(1) of the CGST Act 2017, ITC of inputs, input services and Capital Goods used in the course or furtherance of business can be claimed provided that all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 is satisfied.
If the Furniture is used for business purpose, then the Registered Person can claim ITC. According to the Provision of Section 16(1) of the CGST Act 2017, ITC of inputs, input services and Capital Goods used in the course or furtherance of business can be claimed provided that all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 is satisfied.
subhagan sreerangam
(7059 Points)
Replied 23 October 2019
Main business in this beuty parlour is sales of cosmetic and ladies fancy items and imitation jewellery etc.Is Outward Supply of this business under which catagory.Service or Trade?
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