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    <title>ITC on repair/ servicing of generator (It is a fixed asset)</title>
    <link>https://www.taxtmi.com/forum/issue?id=116202</link>
    <description>Discussion concludes that ITC can be claimed on servicing and repairs of a generator treated as plant and machinery/capital goods; one view conditions claim on treating the expenses as revenue (not capitalising them), while other views treat availment as permissible irrespective of capitalization, with an advance ruling cited in support. Environmental compliance for generator installations is also noted.</description>
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      <title>ITC on repair/ servicing of generator (It is a fixed asset)</title>
      <link>https://www.taxtmi.com/forum/issue?id=116202</link>
      <description>Discussion concludes that ITC can be claimed on servicing and repairs of a generator treated as plant and machinery/capital goods; one view conditions claim on treating the expenses as revenue (not capitalising them), while other views treat availment as permissible irrespective of capitalization, with an advance ruling cited in support. Environmental compliance for generator installations is also noted.</description>
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