Oven itc claim
Manoj Bansal (155 Points)
29 September 2019
can we claim itc for microwave oven purchased for office purpose with tax invoice.
7 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 September 2019
Yes.... If it's used in Your office.
( But What are the uses of that...?😇😇😇.)
( But What are the uses of that...?😇😇😇.)
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 September 2019
Yes... You can claim ITC if it's not used for self consumption...
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 September 2019
You are most welcome Mr Manoj...
Rupesh Soni
(Taxation Consultant & CA final student)
(504 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.
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.
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