sir ITC- 1.GST on Air Conditioner/Fan/Lights- purchased for office / Lodging unit 2.Sales promotion /gift given to customers, whether ITC? 3.ITC on Motor Vehicle purchased for transportation of goods claimable? if yes then ITC- insurance and repairs claimable?
Frah Saeed Answered question September 21, 2020
- In our view being not part of building , ITC is admissible if used for business purposes.
- No ITC being blocked u/s 17(5).
- ITC can very well be availed for goods transport vehicle including insurance and repairs thereof , impediment exists only for passenger transport vehicle.
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Frah Saeed Answered question September 21, 2020