GST Input can be claimed for any type of Building
This query is : Resolved
12 February 2022
whaether GST input can be claimed for factory building also.
12 February 2022
GST input can't be claimed on building including factory building.
13 February 2022
ITC cannot be taken on capital expenditure but can be taken on revenue expenditures like repairs etc.
13 February 2022
SIR,
GST input can be claimed regarding repairs and maintenance of Official as well as Factory Building also for commercial activities,
and what is revenue expenses.
GST input can be claimed regarding repairs and maintenance of Official as well as Factory Building also for commercial activities,
and what is revenue expenses.
13 February 2022
Yes ITC on repair maintenance of office and factory building is allowed. Expenses of revenue nature are those which are debited in profit & loss account and not capitalised with asset.
13 February 2022
BUT SIR,
JUST I WANT WHEN TO DEBITED IN PROFIT AND LOSS ACCOUNT. ITS ANY CRITERIA.
JUST I WANT WHEN TO DEBITED IN PROFIT AND LOSS ACCOUNT. ITS ANY CRITERIA.
13 February 2022
Yes you need to see the compliance with accounting standards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
