The Varachha Co Op Bank Ltd ., In re
Date: July 30, 2021
Subject Matter
ITC is blocked for Central Air Conditioning Plant, Lift, Electrical Fittings, Fire Safety Extinguishers, Roof Solar Plant, Architect Service and Interior Decorator fees.
Summary
1. Input Tax Credit is admissible on New Locker Cabinet and Generator. 2. Input Tax Credit is blocked under Section 17(5)(c ) CGST Act for: Central Air Conditioning Plant; Lift; Electrical Fittings; Fire Safety Extinguishers, Roof Solar Plant. 3. Inp…
The applicant M/s. Varachha Co-operative Bank Ltd. submitted that they are constructing New Administrative Building and incurring cost of various services as follows: : (i) Central Air Conditioning Plant (Classified & Grouped under “Plant & Machinery”) (ii) New Locker Cabinet (Classified & Grouped under “Locker Cabinets”) (iii) Lift (Classified & Grouped und…