Lift purchase which installed in own property. Which property rented to other PARTY. can we claim gst as ITC IN OUR BUSINESS WHICH nature of FABRICS
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Quick Summary
This discussion explores whether Input Tax Credit (ITC) for GST can be claimed on the purchase of a lift installed in a property that is subsequently rented out to another party. The consensus suggests that ITC is generally allowable if the purchase was made for the furtherance of business.