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itc claim or not

Satendar Kashyap (126 Points)

28 March 2019

do we take itc bills or repairing and maintenence like bricks, cement , bar

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2 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 28 March 2019

As per section 17(5) Any expenses capitalised to Immovable property is Ineligible. Hence if it's book as revenue expenditure (to extent) ITC can be claim .

Hence if it's book as repair then ITC can be claim

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Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 29 March 2019

If expense is capitalised then ITC cannot be claimed.
However if it is done for business purpose and booked as expenses then you can claim the ITC.
In case work is done for personal purpose then also you are not eligible for ITC