second hand Generator for use in business

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..... My client is a GST-registered dealer . He purchased a secondhand generator to be installed and used in his Kalyana mandapam from another GST-registered dealer who was using it for his normal business as a capital asset. He has issued a sale bill charging GST. Can my client claim input credit.. - Reply By VENU K - The Reply = Generator is plant and machinery and as such there is no restriction on u .....

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..... sing input tax credit subject to fulfillment of other terms and conditions in my opinion. - Reply By KASTURI SETHI - The Reply = Since generator qualifies as plant and machinery, ITC is allowed. It is not immovable property. Go through the following decision of AAAR-Guj. IN RE : THE VARACHHA CO-OP. BANK LTD - 2023 (10) TMI 473 - APPELLATE AUTHORITY FOR ADVANCE RULING, GUJARAT - Reply By Shilpi Jai .....

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..... n - The Reply = If your client is using this generator to provide services that are taxable under GST, he is eligible for this credit. - Reply By Shilpi Jain - The Reply = Though this is subject to fulfillment of other conditions in the law regarding invoice, payment, 2B reflection, etc. - Reply By Padmanathan KV - The Reply = Dear MSR sar, Your client can claim ITC on the said generator as it is .....

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..... a plant machinery and used for the purpose of business. - second hand Generator for use in business - Query Started By: - mathur ramachandran Dated:- 7-8-2024 Last Replied Date:- 12-8-2024 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi .....

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..... ndia.com - TMI - TaxTMI - TMITax .....

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