Goods and Services Tax – Started By: – Sanjoy Das – Dated:- 20-12-2018 Last Replied Date:- 23-12-2018 – Pls clarify the input credit is available under GST of below mentioned queries :a. Repairing of Office building / Guest house/ Employees building.b. Painting of office building / Guest House/ Employees Buildingc. Furniture & Fixture used in office purpose.d. Furniture & Fixture used for employee benefit purpose.RegardsSanjoy Das – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = In my view, if the said expenses are met for furtherance of business, then input tax credit is allowed. – Reply By KASTURI SETHI – The Reply = I support the views of Dr.Govindarajan, Sir. I further add that it would be near impossible to prove the utiliza
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s to read carefully legal definition of 'Plant & Machinery,' 'Business' ''in the course of business' and ''furtherance of business'. If any capital goods or services falls in the exclusion clause, ITC will not be allowed even though fitted in the definition of above terms. Definitions of Plant & Machinery and business have been provided in GST Acts but no definition has been given for in the course of business and furtherance of business . Legal definitions can be resorted to for these. After a lot of deliberations, I am of the view that the party can prove the usage. No doubt it is not free from litigation but if the party fights legally, the party will win. This is my hunch and observation.
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