ITC on spare parts and maintenance of machinery
Sujit Saha (243 Points)
25 September 2017Sujit Saha (243 Points)
25 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127142 Points)
Replied 25 September 2017
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 25 September 2017
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.
Advance Auto Parts
(Automotive)
(22 Points)
Replied 24 April 2018
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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