Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Goods and Services Tax - GST This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

ITC on repair/ servicing of generator (It is a fixed asset), Goods and Services Tax - GST

Issue Id: - 116202
Dated: 13-4-2020
By:- bhimsen gupta

ITC on repair/ servicing of generator (It is a fixed asset)


  • Contents

Can I claim ITC on generator servicing and repairs with comsumables and parts. The generator is a fixed asset with us.

Thanks

Posts / Replies

Showing Replies 1 to 5 of 5 Records

Page: 1


1 Dated: 13-4-2020
By:- KASTURI SETHI

If the repair expenses of generator set are not being capitalized in your books of accounts but shown as revenue expenditure, then ITC can be availed. Also go through the decision of AAR:

2019 (31) G.S.T.L. 628 (A.A.R. - GST) = 2019 (10) TMI 570 - AUTHORITY FOR ADVANCE RULING, KARNATAKA IN RE : SHRI KESHAV CEMENT AND INFRA LIMITED


2 Dated: 13-4-2020
By:- CAVenkataprasad Pasupuleti

There is no restrictions on availment of ITC since the generaror is plant & machinery. Hence, irrespective of the capitalisation, you are eligible for ITC.


3 Dated: 13-4-2020
By:- KASTURI SETHI

Yes. Generator is a part of plant and machinery. I agree with Sh. CAVenkataprasad Pasupuleti.


4 Dated: 13-4-2020
By:- PAWAN KUMAR

Generator is asset in your books of account and eligible capital goods under gst law and also cover under plant and machinery, itc is admissible for servicing and repairing as per my view.


5 Dated: 29-5-2020
By:- YAGAY andSUN

We endorse the views of our experts. Further adding value in respect of adhering with the compliance under Environmental Laws on DG sets installed at you factory premises, it is mandatory to get the Noise and Air Pollution duly checked. The DG set shall be provided with proper exhaust muffler with insertion loss of minimum 25 dB(A).


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates