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
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