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Claim ITC or not on sanitary, electrical, tiles fitting and paint work at rental business property

DEVENDRA (LAB ASSISTANT) (21 Points)

13 May 2024

Can i claim GST input on sanitary item, tile & fitting work, Electrical item & fitting and paint work in rented business property?Can i claim GST input on sanitary item, tile & fitting work, Electrical item & fitting and paint work in rented business property?

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3 Replies

Kishor Lulla (993 Points)
Replied 13 May 2024

No not

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 May 2024

Yes, You can claim ITC if it's booked under expenditure account.

But, If it's booked under FA then ITC is blocked as per sec 17(5).

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 13 May 2024

You can take credit of whatever is movable in nature. Movable means that such goods are capable of being moved without damage.

If unable to move and capitalised in books of accounts to immovable property, then credit cannot be taken.

However, the judgement of Safari Retreats is pending before the Supreme Court. If it comes in favour then such credit could become eligible. You can now avail and reverse the credit so that you can re-avail in the future in case Supreme Court rules in favour of the assessee.