ITC on Painting Material
Jatin (Accountant) (3479 Points)
04 June 2018
Can i take ITC on painting materials
7 Replies
Vinod Babu
(24191 Points)
Replied 04 June 2018
Brief your query. Mention the nature of your business.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 June 2018
The above said new office is Your own building (Capital asset / Immovable property) or Rented premises...?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 June 2018
If rented premises then YOU CANNNNNNNN
Vinod Babu
(24191 Points)
Replied 04 June 2018
As per section 16 of the CGST, Act 2017 ITC on capital goods is allowed subject to the fulfillment of the conditions.
In addition, you cannot claim depreciation on the tax component of capital goods
In addition, you cannot claim depreciation on the tax component of capital goods
josh praveen
(3 Points)
Replied 23 January 2019
We are running a hospital in a rented building and we bought painting material can we claim the ITC for paints purchased.
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