Itc availability

16 March 2018

Itc available on purchase of parts (ex. screw, gulli, alluminium plate) for building repair and maintainence ????

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4 Replies

abhilash (student) (411 Points)
Replied 16 March 2018

YES............BUT SUBJECT TO CAPITALISATION....

PLS CONSIDER THE ANSWER FROM OTHER MEMBERS ALSO

Dayananda Kakade (Deputy Manager -Finance) (328 Points)
Replied 16 March 2018

building repair I don't think credit available check sec 17 of CGST act

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Padmanabhan (Student) (1321 Points)
Replied 18 March 2018

If those expenses charged to profit and loss statement eligible else not.
I agree with @ Abhilash

prasad patro (Accountant) (98 Points)
Replied 18 March 2018

Input tax credit isnot available on construction or purchase of building except factory building

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