ITC on LIFT
Query (Issue) Started By: – ROHIT GOEL Dated:- 13-3-2018 Last Reply Date:- 1-8-2018 Goods and Services Tax – GST
Got 15 Replies
GST
Dear Team,
\nThere is a confusion and difference of opinion regarding allowability of ITC on purchase of lift… The usage of lift will be in factory only for movement of goods and not staff…
\nIs there any difference in opinion if the use of lift is for staff members and not goods…
\nReply By MUKUND THAKKAR:
\nThe Reply:
\nif are you using the lift for staff members it is covered under the plant facility and lift installation is also covered under WCT. that's why it is not Eligible for ITC.
\nif you are using the for the movement of Raw material than ITC is eligible.
\nother expert view awaited..
\nReply By KASTURI SETHI:
\nThe Reply:
\nThe good, "Lift" falls under HSN 8428 1011\/8428 1019. ITC is admissible. Not hit by Section 17(5) of CGST Act, 2017, in view of the usage.
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,<\/p>\n
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\nI agree with the experts collegue. Input tax credit is eligible for lift.
\nReply By SHOBHIT BANSAL:
\nThe Reply:
\nSir, I also agree with the opinion in regards to allowability of ITC on purchase of lift installed in business premises irrespective of the use for staff or goods. ITC allowable.
\nI have another issue in regards to alowability of ITC where output service is Renting of an Immovable property. Here the registered taxable person installed lift in building given on rent.
\nThere is a confusion in regards to ITC of LIFT when renting of immovable property is taxable services. Is it covered by clause 'c' of section 17(5) of the CGST Act? Pls clarify
\nReply By KASTURI SETHI:
\nThe Reply:
\nIt is not covered under Section 17(5)(c) of CGST Act. This sub-clause is meant for Works Contract Service and not for "Renting of Immovable Property". Hence not relevant. However, your question is worth further examination.
\nReply By KASTURI SETHI:
\nThe Reply:
\nLift\/escalator is <\/p>\n
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\nReply By Sushil Baheti:
\nThe Reply:
\nHi
\ni wanted to know what is the GST % for lift being used at bunglow \/ personal premises.
\nAlso if individual does not have place to take credit then in that case is the GST exempted?
\nReply By rahul jain:
\nThe Reply:
\nSir,
\nI think ITC on the lift is not available. The reference is :
\nNo doubt Lift is qualifying as a machine under the HSN list. But what the plain reading of the sec. 17(5) (d) clearly suggests is that any goods or services used for construction of an immovable property, the credit of the same will be blocked.
\nThe exception is for Plant & machinery.
\nI interpret the section as if we use any goods for construction of Plant & machinery which is separate that of the other immovable property, then we can claim the credit on the same plus its structural support.
\nIf we use lift in the construction of the immovable property such as building etc, the credit se<\/p>\n
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