Itc availability

ITC / Input 168 views 4 replies

1 Points Joined March 2018

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

Replies (4)

student

411 Points Joined August 2013

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

PLS CONSIDER THE ANSWER FROM OTHER MEMBERS ALSO

Deputy Manager -Finance

328 Points Joined September 2017

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

Student

1321 Points Joined January 2018

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

Accountant

98 Points Joined March 2016

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

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