Input credit on Capital goods and Furniture & Fixture & Repair of Building & others
Query (Issue) Started By: – Sanjoy Das Dated:- 20-12-2018 Last Reply Date:- 23-12-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Pls clarify the input credit is available under GST of below mentioned queries :
\na. Repairing of Office building \/ Guest house\/ Employees building.
\nb. Painting of office building \/ Guest House\/ Employees Building
\nc. Furniture & Fixture used in office purpose.
\nd. Furniture & Fixture used for employee benefit purpose.
\nRegards
\nSanjoy Das
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nIn my view, if the said expenses are met for furtherance of business, then input tax credit is allowed.
\nReply By KASTURI SETHI<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n basic requirements for running the business.It is not possible to run business without these goods and services. One has 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<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Input credit on Capital goods and Furniture & Fixture & Repair of Building & others Query (Issue) Started By: – Sanjoy Das Dated:- 20-12-2018 Last Reply Date:- 23-12-2018 Goods and Services Tax – GSTGot 5 RepliesGSTPls clarify the input credit is available under GST of below mentioned queries : a. Repairing of Office building \/ … Continue reading “Input credit on Capital goods and Furniture & Fixture & Repair of Building & others”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15610","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15610"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15610\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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