itc claim or not
Satendar Kashyap (126 Points)
28 March 2019
do we take itc bills or repairing and maintenence like bricks, cement , bar
2 Replies
Pankaj Rawat
(GST Practitioner)
(55052 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
Hence if it's book as repair then ITC can be claim
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
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
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