We are dealers of Aluminum coating powders and we our godown is on rent. We have renovated the godown and painting works were done for which we received Tax invoice on our GST number. Shall we claim the tax paid on painting materials used for godown renovation.
Please advice
6 Replies
Pratik Surve
(Assistant Professor )
(571 Points)
Replied 09 January 2019
YOU CANNOT CLAIM ITC FOR YOUR SAID EXPENSES, ITC IS BLOCKED FOR RENOVATION, REPAIRS, ALTERATION OF IMMOVABLE PROPERTY OTHER THAN P&M.
ANUP GUPTA
(KEEP SMILING fcaanupgupta@gmail.com)
(303 Points)
Replied 03 July 2019
ITC on whitewash, repair expense, painting expenses not available as these are not eligible. Agreed with Prateek Surve
poonam chawla
(2 Points)
Replied 15 May 2024
Can we claim ITC on material purchased for whitewash if property is rented one?
or if own property
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 15 May 2024
It will be blocked under section 17(5)(d) of CGST Act, 2017 in case you are capitalising in books of accounts.
If the expense would be charged off to profit and loss account, then the credit would be eligible.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 15 May 2024
Material purchased for Whitewash will be blocked under section 17(5)(d) of CGST Act, 2017 in case you are capitalising in books of accounts.
If the expense would be charged off to profit and loss account, then the credit would be eligible.
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