ITC on general business expenses
Chirag Agarwal (Student) (25 Points)
12 January 2020
Whether we can claim ITC on general repairs and maintenance, fooding etc.
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 January 2020
On repair & maintenance you can claim ITC but fooding it's block U/s 17(5)
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 13 January 2020
do you have repairs and maintenance of motor vehicle or
Construction repairs that are capitalised?
Chirag Agarwal
(Student)
(25 Points)
Replied 14 January 2020
What are the prerequisites to claim ITC incurred on business expenses?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 15 January 2020
DEAR CHIRAG
1. MUST HAVE THE COPY OF BILL & GSTN MENTION THEREIN
2. MUST BE IN COURSE & FURTHERANCE OF BUSINESS
3. SUPPLIER HAS FILED HIS GSTR 1
(KINDLY REFER SECTION 16 OF CGST ACT)
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