Can i avail itc on airconditioner bought for my textile shop?Do I need to treat it as a revenue expenditure? If capitalised, can I
claim depreciation?
Yes if you are installing the air conditioner in your shop then you can claim ITC.
You should treat it as capital expenditure and book as an asset.
Further, since you will be taking ITC on the AC, do not claim depreciation on the GST component.
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