ITC ELIGILITY
PVC PIPES & SANITARY MATERIAL, FAUCETS
Replies (2)
If used in the course or furtherance of business and if you satisfy all the four conditions as laid down u/s 16(2) of the CGST Act 2017, then you can claim ITC on the above mentioned items.
No ITC will be available if capitalised to Building Act , yes if booked as revenue expenditure then ITC can be available
(subject to conditions the nature of expenses being Incurred)
Refer Section 17(5)
(subject to conditions the nature of expenses being Incurred)
Refer Section 17(5)
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
