Itc under gst

Sir Thanks for your reply.

Please also clear my one more doubt that new furniture, AC, etc. are purchase only for smoothness of business, not used in sales or purchase, means it is Fixed Asset, does continue its ITC is available in business?

Originally posted by : Vinod Babu
	Raja sir... Good and nice answer to the query.

Thank You dear

Originally posted by : sunil singh
	Sir Thanks for your reply. Please also clear my one more doubt that new furniture, AC, etc. are purchase only for smoothness of business, not used in sales or purchase, means it is Fixed Asset, does continue its ITC is available in business?

Yes... You can. That's called as Fixed Assets as above items...

If Values like

Furniture = 10000

GST = 1800

Total Rs. 11800

Then You will book Rs. 10000 is F/A and 1800 is Input GST. After You can avail the GST amount as ITC...

Depreciation provide in F/A value...

That's all

Thank you so much RAJA sir, your example is very simple quite understaindg, surely you are a GENIUS... Thanks again.. 

You are Welcome Dear...

I'm one of the Learner in CCI. Above said words not suitable for me  Many more Experts participating here and they all are Very Very Genius. I gather knowledge from them.

Especially Respected Mr Dhirajalal Rambhia Sir

Also thanks to Mr CA R SEETHARAMAN Sir and Mr. CA Chackrapani Warrier Sir and Mr Nikhil Kausik Sir...

Sir, Can Fixtures ITC is available under GST? You said that Furniture ITC is available. Can we add Fixtures cost in Furniture and claim the input? I am confuse!

No it means Fixtures which is directly pasted/used in making furniture like Sunmica, Glu, nails which is not moveable after application. Does it can be treat as Fixed Asset  nd claim the input?

Originally posted by : sunil singh
	No it means Fixtures which is directly pasted/used in making furniture like Sunmica, Glu, nails which is not moveable after application. Does it can be treat as Fixed Asset  nd claim the input?

After finished the Furniture works You can calculate the Expenses and Fix the Value of Asset....

Also which way it's called fixtures...?

If you will ask claerly then You can get exact solutions from Our CCI experts...

Sorry for wrong question. I am confuse about fixtures, can pls described me what is it.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

We are making new rake of Metal Tubes in our showroom does it is treated as Fixed Asset (Furniture)?