LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Oven itc claim

Manoj Bansal (155 Points)

29 September 2019

can we claim itc for microwave oven purchased for office purpose with tax invoice.

Reply
Follow
Share

7 Replies

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 29 September 2019

Yes.... If it's used in Your office.

( But What are the uses of that...?😇😇😇.)

Manoj Bansal (155 Points)
Replied 29 September 2019

To heat lunch & smacks.

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 29 September 2019

Yes... You can claim ITC if it's not used for self consumption...

Manoj Bansal (155 Points)
Replied 29 September 2019

Thanks mr.Raja for your valuable reply.

1 Like

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 29 September 2019

You are most welcome Mr Manoj...

Rupesh Soni (Taxation Consultant & CA final student) (493 Points)
Replied 29 September 2019

Yes u can claim it shwn in fixed assets and dep

Shivam RC (Student) (23683 Points)
Replied 29 September 2019

Yes you can claim ITC on Micro-Oven provided that it is used in the course or furtherance of business ( Section 16(1) ).

Ensure that all the FOUR CONDITIONS for claiming ITC as laid down U/s 16(2) of the CGST Act 2017 is satisfied i.e.

1). Possession of a Tax Invoice.
2). Received the Goods or Services.
3). Supplier must have paid the taxes.
4). Recipient must have filed the Return.

3 Like