ITC on installation charges

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17 Points Posted on 04 March 2021
can ITC be claimed on installation charges paid for installation of Fire and Saftey Equipment.
And what about annual maintenance charges ?
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On 04 March 2021 at 13:30 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on installation charges for fire and safety equipment. It explains that if these charges are capitalised in your accounts, they are considered 'Block Credit' under Section 17(5)(d) and thus not eligible for ITC. However, ITC is generally available for such charges.

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602 Points Posted on 04 March 2021
If you capitalised such installation charges in Books of Account, it is not allowed to you. Because of it will become Block Credit u/s 17(5)(d).
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On 04 March 2021 at 18:18
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GST Consultant
15986 Points Posted on 05 March 2021
ITC available..........
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On 05 March 2021 at 05:08
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602 Points Posted on 05 March 2021
Yes it is allowed
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On 05 March 2021 at 10:13

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