I purchase a sound system and give it on rent, will I get ITC on purchase of sound system?

I purchase a sound system and give it on rent, will I get ITC on purchase of sound system?

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Yes, definitely..ITC shall be available for capital goods used in the course furtherance of business..but conditions for availing credit like having tax paid invoice and claiming credit within prescribed time should be fulfilled.

Answered on July 13, 2017.
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Gen GST