Itc related

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1 Points Posted on 25 March 2021
can I take itc of purchase cable wire for new building fitting.
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On 25 March 2021 at 23:25 Report
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This discussion clarifies whether Input Tax Credit (ITC) can be claimed on cable wire purchased for new building fittings. Generally, ITC is claimable if the goods are used in the furtherance of your business. However, if the wiring is for the first-time installation and not directly for business operations, ITC may not be applicable.

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Chartered Accountant
24588 Points Posted on 26 March 2021
If such invoice / goods are used for furtherance of business then you can claim ITC
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On 26 March 2021 at 06:09
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Partner
1072 Points Posted on 26 March 2021

no itc if used for first time wiring.

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On 26 March 2021 at 20:21

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