Q1. Purchase of lights,wires,fans,furniture an AC for the use in the corporate office and can we claim ITC on those purchases which are using in the office ?
Q2. Purchase of gym equipment for the employees in the office gym, can we claim itc on those purchase ?
Input Tax Credit Eligible for Business Essentials, Not for Employee Gym Equipment Under CGST Act, 2017 A query was raised regarding the eligibility to claim Input Tax Credit (ITC) under the Goods and Services Tax (GST) for purchases made for a corporate office. The first question concerned ITC eligibility for lights, wires, fans, furniture, and an AC, to which it was confirmed that ITC is claimable as these items are used in the course of business. The second question asked about ITC on gym equipment for employee use, which was deemed ineligible as it is for personal consumption. Two other participants supported this interpretation of the CGST Act, 2017. (AI Summary)
TaxTMI 
TaxTMI 
