logo T a x - L o k
A Complete Solution of All Your Tax Problems
Developed by Prakhar Softech Services Ltd.
(In Association with Shanti Prime Publication Pvt. Ltd.)
Call Us 09001929869
Call Us Shopping Bag (0)
  • follow us on facebook
  • follow us on twitter
  • follow us on google plus
  • follow us on linkedin
  • follow us on pinterest
  • rss fee
  • Visitors 
  • 0
  • 8
  • 6
  • 4
  • 4
  • 5
  • 8
News :
News
Sub
Loding Content
Submit a Query
  Refresh
   Verification Code
View Orders
show products
FB Followers
What is New
Finance Bill 2018-19
Budget Speech 2018-19
Query Answer
go to back

My client is registered under gst he is owner of hotel he want to purchase air conditioner fridge and inverter which is capital assets. Which is used for hotel can he take itc benefit??

Reply

As per sub Rule 43 of CGST Rule, 2018, the amount of input tax in respect of capital goods not covered under clauses (a) and (b), shall be credited to the electronic credit ledger and the useful life of such goods shall be taken as five years from the date of the invoice for such goods.

Since, your client is engaged exclusively in taxable supplies, the GST paid while purchasing capital goods will be completely available as ITC.

go to back