TaxTMI 
TaxTMI 
ITC on repair/ servicing of generator (It is a fixed asset)
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....TC on repair/ servicing of generator (It is a fixed asset)<br> Query (Issue) Started By: - bhimsen gupta Dated:- 13-4-2020 Last Reply Date:- 29-5-2020 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Can I claim ITC on generator servicing and repairs with comsumables and parts. The generator is a fixed asset with us. Thanks Reply By KASTURI SETHI: The Reply: If the repair expenses of gen....
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....erator set are not being capitalized in your books of accounts but shown as revenue expenditure, then ITC can be availed. Also go through the decision of AAR: 2019 (31) G.S.T.L. 628 (A.A.R. - GST) = 2019 (10) TMI 570 - AUTHORITY FOR ADVANCE RULING, KARNATAKA IN RE : SHRI KESHAV CEMENT AND INFRA LIMITED Reply By CAVenkataprasad Pasupuleti: The Reply: There is no restrictions on availment of ITC ....
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....since the generaror is plant & machinery. Hence, irrespective of the capitalisation, you are eligible for ITC. Reply By KASTURI SETHI: The Reply: Yes. Generator is a part of plant and machinery. I agree with Sh. CAVenkataprasad Pasupuleti. Reply By PAWAN KUMAR: The Reply: Generator is asset in your books of account and eligible capital goods under gst law and also cover under plant and machine....
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....ry, itc is admissible for servicing and repairing as per my view. Reply By YAGAY andSUN: The Reply: We endorse the views of our experts. Further adding value in respect of adhering with the compliance under Environmental Laws on DG sets installed at you factory premises, it is mandatory to get the Noise and Air Pollution duly checked. The DG set shall be provided with proper exhaust muffler with....
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.... insertion loss of minimum 25 dB(A).<br> Discussion Forum - Knowledge Sharing ....