if supplier can claim ITC on purchasing earth moving machines (jcb) which used to renting out? business is supplier of building materials.
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Quick Summary
This discussion clarifies whether a supplier of building materials can claim Input Tax Credit (ITC) on earth moving machines, such as JCBs, when these machines are used for rental services. The consensus is yes, as providing the service via the machine qualifies for ITC. It also touches upon the correct selection of HSN codes over SAC codes during supplier registration.