This discussion clarifies the eligibility of GST input tax credit (ITC) for expenses related to rental buildings. While ITC can be claimed for expenditures on repairs and maintenance, costs associated with expansion should be capitalised rather than claimed as ITC. This distinction is crucial for accurate GST reporting.
15 February 2022
Dear sir, one of my client's income is from rental form building. in relation for maintenance and expansion in incurred exp. for exp purchase of steel, cement, paint etc for this purpose . GST Invoice received against this purchase and same figure is reflated 2B And automatic 3b also. can we take that input please advise with regards Binu