TaxTMI 
TaxTMI 
second hand Generator for use in business
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....econd hand Generator for use in business<br> Query (Issue) Started By: - mathur ramachandran Dated:- 7-8-2024 Last Reply Date:- 12-8-2024 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>My cli....
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....ent is a GST-registered dealer . He purchased a secondhand generator to be installed and used in his Kalyana mandapam from another GST-registered dealer who was using it for his normal business as a c....
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....apital asset. He has issued a sale bill charging GST. Can my client claim input credit.. Reply By VENU K: The Reply: Generator is plant and machinery and as such there is no restriction on using inp....
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....ut tax credit subject to fulfillment of other terms and conditions in my opinion. Reply By KASTURI SETHI: The Reply: Since generator qualifies as plant and machinery, ITC is allowed. It is not immov....
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....able property. Go through the following decision of AAAR-Guj. IN RE : THE VARACHHA CO-OP. BANK LTD - 2023 (10) TMI 473 - APPELLATE AUTHORITY FOR ADVANCE RULING, GUJARAT Reply By Shilpi Jain: The Re....
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....ply: If your client is using this generator to provide services that are taxable under GST, he is eligible for this credit. Reply By Shilpi Jain: The Reply: Though this is subject to fulfillment of....
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.... other conditions in the law regarding invoice, payment, 2B reflection, etc. Reply By Padmanathan KV: The Reply: Dear MSR sar, Your client can claim ITC on the said generator as it is a plant & mac....
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....hinery and used for the purpose of business.<br> Discussion Forum - Knowledge Sharing ....