can the input on construction materials be claimed if the building was for business purpose?
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 January 2018
Business purpose means...?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 January 2018
Anything no way for ITC except construction business...
Manas Das
(1431 Points)
Replied 02 January 2018
Mr raja. it is allowed if repair please read the section properly
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 January 2018
(Mr raja. it is allowed if repair please read the section properly)
What you mean this Mr. Manas Das?
What is the exact meaning of "PROPERLY"?
What you mean this Mr. Manas Das?
What is the exact meaning of "PROPERLY"?
Manas Das
(1431 Points)
Replied 02 January 2018
I just mean to say if we read the section 17(5) explanation part the wording used to the extent capitalisation. thus repair cost itc will be allowed
rajesh chowdary
(student)
(118 Points)
Replied 02 January 2018
manas ..u r right for repairs and maintenance u can claim itc if u expend for the business purpose
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 January 2018
https://caclub.in/input-tax-credit-itc-mechanism-under-gst-an-overview/
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