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ITC ON AMC

ITC / Input 358 views 5 replies
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840 Points Posted on 26 December 2019
hi
ITC on AMC on capitalised asset is eligible?
eg. AMC for lift
AMC FOR inverter
AMC for computer
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On 26 December 2019 at 17:05 Report
Replies (5)
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"Do the Right Thing...!!!"
128147 Points Posted on 26 December 2019
AMC FOR inverter - Yes...
AMC for computer - Yes...


AMC for lift

- If it's Your own building then no...
- If it's rented then Yes...
463 Reply
On 26 December 2019 at 17:40
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840 Points Posted on 26 December 2019
Dear raja sir
can I have any notification or section for this above explanation
3 Reply
On 26 December 2019 at 17:54
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"Do the Right Thing...!!!"
128147 Points Posted on 26 December 2019
Please read sec 17(5) of CGST act... You can get exact clarity of non availability of ITC...
463 Reply
On 26 December 2019 at 18:25
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840 Points Posted on 26 December 2019
Thank you raja sir for the exact reply
3 Reply
On 26 December 2019 at 22:45
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"Do the Right Thing...!!!"
128147 Points Posted on 27 December 2019
You are most welcome... ...
463 Reply
On 27 December 2019 at 07:33


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