Arjun Ltd. is a manufacturing concern and has an employee base of 1000 personnel. It has purchased the Treadmill, Rowing machine, and Stationary bicycle for the fitness of the employees. Can Arjun Ltd. avail the ITC in respect of such goods?
Yes, it can avail the ITC provided the eligibility conditions are satisfied. It is to be noted that ITC can not be availed in respect of membership of a club, health, and fitness centre.