Goods and Services Tax

ITC on LIFT

Goods and Services Tax – Started By: – ROHIT GOEL – Dated:- 13-3-2018 Last Replied Date:- 20-3-2018 – Dear Team,There 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…Is there any difference in opinion if the use of lift is for staff members and not goods… – Reply By MUKUND THAKKAR – The Reply = if 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.if you are using the for the movement of Raw material than ITC is eligible. other expert view awaited.. – Reply By KASTURI SETHI – The Reply = The good

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iation cannot be claimed under the provisions of Income tax or else the input tax credit on the said tax component shall not be allowed. The rule 44 of the CGST Rules, 2017 may also be considered for reversal If any. Please correct me if mistaken. – Reply By KASTURI SETHI – The Reply = It is natural that Section 16 CGST Act and Rule 44 have to be taken care of as pointed out by Sh.Alkesh Jani, Ji. – Reply By Ganeshan Kalyani – The Reply = I agree with the experts collegue. Input tax credit is eligible for lift. – Reply By SHOBHIT BANSAL – The Reply = Sir, 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. I have another

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