ITC on Fans, Electric lamps used in factory

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..... ITC on Fans, Electric lamps used in factory
Query (Issue) Started By: - Murari Agrawal Dated:- 16-3-2020 Last Reply Date:- 26-5-2020 Goods and Services Tax - GST
Got 5 Replies
GST
Can we .....

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..... take ITC of GST on 1) Pedestal Fans 2) Ceiling Fans 3) Light fitting 4) Electric lamp used/installed in factory premises. Reply By VaibhavKumar Jain: The Reply: Yes, you can take ITC on abov .....

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..... e goods as per section 16 of CGST Act, 2017 since not covered under blocked credits under section 17(5) of CGST Act, 2017. Reply By KASTURI SETHI: The Reply: ITC is allowed, all items being movable. .....

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..... ITC on construction of immovable property is restricted under Section 17 (5) (d) of CGST Act. Reply By CAVenkataprasad Pasupuleti: The Reply: I endorse the views of learned experts that ITC is elig .....

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..... ible as such items not being used in construction of immovable property. Reply By Ganeshan Kalyani: The Reply: The credit on the items are eligible. They are not blocked u/s 17(5) of CGST Act. Repl .....

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..... y By YAGAY andSUN: The Reply: Provided no Depreciation is availed on the part of GST.
Discussion Forum - Knowledge Sharing .....

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