We purchase lift for showroom of eye glasses
can we claim itc of lift nd this shop also is under construction
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Lift purchase itc
Replies (6)
Quick Summary
If lift purchased for the purpose of construction then it is ok
Life used for shop for customer den we can claim itc sir
ITC on Lift is not admissible , There are a number of articles available on it . Please read them once better consult your CA for safe side.
Itc on lift is acceptable if used for furtherance of business.
Itc used for customer mithun ji den we can claim itc
You can claim itc of capital goods, but you never claim depreciation of ITC.
You have two choice:-
1) You claim itc , never claim depreciation on ITC of Lift, but you claim Depreciation Only taxable Amt.
2) And you are not claim ITC , You claim depreciation bill amt .
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