in case of departmental store can i claim itc of recks. if yes against which head
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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.