Input credit reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2017 Dear Sir,

Can a company doing maintenance or repair activities in roof leakages in old buildings and houses claim input Credit in GST return? is this to be considered as a Work contract of immovable property which we cannot claim ITC,,,

Thanks
Suresh

Ashish Garg

Ashish Garg (Expert)
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20 September 2017 If the expenses are capitalise in your books than you cannot claim the itc. However if the same has been charged to revenue account than you can claim itc of gst paid. Refer section 17(5)(c) and explanation thereto

RAJA P M

RAJA P M (Expert)
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20 September 2017 Yes. I agreed to Mr Ashish Garg...

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2017 thank you sirs, maintenance and repairs activity is the business for this company. so can we claim ITC?

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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21 September 2017 You cannot claim credit -- pl refer Section 17(5)(c) of the CGST Act.

RAJA P M

RAJA P M (Expert)
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21 September 2017 Yes... You can take ITC for the maintenance & repairing charges...

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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21 September 2017 Your outward supply needs to be a works contract as per Section 2(119) of the CGST Act for you to be eligible for credit

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2017 Can we treat us as a service providers like Interior decorators who are handling maintenance and repairs of interior works...

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