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

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..... Can I claim ITC on generator servicing and repairs with comsumables and parts. The generator is a fixed asset with us. Thanks - Reply By KASTURI SETHI - The Reply = 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) = .....

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..... 2019 (10) TMI 570 - AUTHORITY FOR ADVANCE RULING, KARNATAKA IN RE : SHRI KESHAV CEMENT AND INFRA LIMITED - Reply By CAVenkataprasad Pasupuleti - The Reply = There is no restrictions on availment of ITC since the generaror is plant machinery. Hence, irrespective of the capitalisation, you are eligible for ITC. - Reply By KASTURI SETHI - The Reply = Yes. Generator is a part of plant and .....

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..... machinery. I agree with Sh. CAVenkataprasad Pasupuleti. - Reply By PAWAN KUMAR - The Reply = 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. - Reply By YAGAY andSUN - The Reply = We endorse the views of our experts. Further adding value in respect of adh .....

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..... ering 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). - ITC on repair/ servicing of generator (It is a fixed asset) - Query Started By: - bhimsen gupta Dated:- 13-4-2020 Goods and Services Ta .....

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..... x - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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