Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

ITC on LIFT

Goods and Services Tax - Started By: - ROHIT GOEL - Dated:- 13-3-2018 Last Replied Date:- 20-3-2018 - Dear Team,There is a confusion and difference of opinion regarding allowability of ITC on purchase of lift... The usage of lift will be in factory o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cility and lift installation is also covered under WCT. that's why it is not Eligible for ITC.if you are using the for the movement of Raw material than ITC is eligible. other expert view awaited.. - Reply By KASTURI SETHI - The Reply = The good, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ch is engaged in supply of taxable goods and services the gst paid on the lift is eligible for ITC. - Reply By Alkesh Jani - The Reply = Sir, In this regards, my view, lift can be considered as capital goods if in office premises and plant and machin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ation cannot be claimed under the provisions of Income tax or else the input tax credit on the said tax component shall not be allowed. The rule 44 of the CGST Rules, 2017 may also be considered for reversal If any. Please correct me if mistaken. - R .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

gible for lift. - Reply By SHOBHIT BANSAL - The Reply = Sir, I also agree with the opinion in regards to allowability of ITC on purchase of lift installed in business premises irrespective of the use for staff or goods. ITC allowable. I have another .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.