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