ITC on Fans, Electric lamps used in factory

[Murari Agrawal]

Can we take ITC of GST on

1) Pedestal Fans

2) Ceiling Fans

3) Light fitting

4) Electric lamp used/installed in factory premises.

[VaibhavKumar Jain]

Yes, you can take ITC on above goods as per section 16 of CGST Act, 2017 since not covered under blocked credits under section 17(5) of CGST Act, 2017.

[KASTURI SETHI]

ITC is allowed, all items being movable. ITC on construction of immovable property is restricted under Section 17 (5) (d) of CGST Act.

[Venkataprasad Pasupuleti]

I endorse the views of learned experts that ITC is eligible as such items not being used in construction of immovable property.

[Ganeshan Kalyani]

The credit on the items are eligible. They are not blocked u/s 17(5) of CGST Act.

[YAGAY andSUN]

Provided no Depreciation is availed on the part of GST.

AI Summary

Input Tax Credit Allowed for Fans and Lights in Factories Under Section 17(5) CGST Act; No Depreciation on GST Component. A query was raised regarding the eligibility of Input Tax Credit (ITC) on pedestal fans, ceiling fans, light fittings, and electric lamps used in factory premises under the Goods and Services Tax (GST) framework. Multiple respondents confirmed that ITC is permissible for these items as they are not classified as blocked credits under Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017. It was noted that ITC is restricted for items used in the construction of immovable property, but since these items are movable, ITC is allowed. Additionally, it was mentioned that no depreciation should be claimed on the GST component.