Itc for recks

in case of departmental store can i claim itc of recks. if yes against which head
Replies (7)
Quick Summary
This discussion clarifies whether departmental stores can claim Input Tax Credit (ITC) on the purchase of racks, often classified as fixed assets like steel furniture. The consensus is yes, provided you are a regular dealer. The ITC claimed can then be adjusted against the output tax liability arising from the sale of any taxable goods, including grocery products, with no restrictions on specific product types.

What is mean recks...?
Like steel furniture
Yes... You can claim ITC for the purchase of racks if You are Regular Dealer...

You can book the racks under Fixed Asset...
Yes i m a regular dealer. but that itc can be adjusted against which products
Which products...?

I can't understand this question...!

You can adjust Your output liability of any sale of goods...
Ok then ...like can adjust from grocery products also
Yes... If it's taxable supply.

Adjust ITC to Output liability. No restriction for adjust to specific goods...

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