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ITC on spare parts and maintenance of machinery
Sir, please let me know, how can I avail the ITC of spare parts and maintenance of machinery and commercial vehicles, as I've a brick manufacturing unit and having some machines like soil molding machine, backhoe Loader and commercial vehicles, which are used for brick manufacturing and supply of brick.
Replies (3)
Yes. You can get ITC for the repair and maintenance charges...
If you get taxable bill / invoices then you can avail the benefits...
In case it's URD then you can pay tax under RCM basis...
If you get taxable bill / invoices then you can avail the benefits...
In case it's URD then you can pay tax under RCM basis...
The GST suffered by you on payment of tax on purchase of spare parts can be availed as ITC on the basis of invoices issued by the supplier of spare parts, since these parts are meant for repair/maintenance of machinery/equipment which is used for business. Section 16 of the CGST Act provides for this.
I agree. You can get ITC for these vehicle parts and maintenance since you ae going to use it for repair.
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