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Itc on purchase of cctv

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Jyoti Narang

Kkk

1204 Points Posted on 20 November 2020

if cctv camera purchased on firm name then total itc paid on it can be claimed in 1 time or part of it to be claimed.

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Quick Summary

This discussion clarifies the process for claiming Input Tax Credit (ITC) on CCTV camera purchases made under a firm's name. The consensus is that the full ITC paid on the CCTV can be claimed at once. There are no restrictions on claiming the total ITC, allowing businesses to benefit from the full credit immediately.