ITC on Plywoods, Light Fittings

[A SREENIVASARAO AND ASSOCIATES]

Dear Experts

Plywoods, Mica, Fevicol & Paints purchased for making Tiles display stand at Tiles Showroom. The stand has been fixed with on the floor for supporting purpose. The expenses has been classified as fixed assets and accounted in books of accounts under the head as "Showroom Display Fixtures". This has been removable and fixed with other place after making some additional work. Also this has been frequently altered the structures depends upon the tiles size and giving better view to customers. 

Whether ITC is eligibe for the above said expenses or blocked u/s 17(5) of CGST Act, 2017.

Thank You

AI Summary

Input tax credit eligibility for display stand materials where fixture is removable and used in the course of business.
Input tax credit on plywood, mica, adhesives and paints used to fabricate a showroom display stand is not blocked where the stand is a removable, frequently altered fixture rather than immovable property; capitalisation in accounts does not determine eligibility, and general ITC conditions (invoice, receipt, tax paid, use in business) and proper GST treatment on capitalization must be satisfied.