INPUT TAX TAKEN ON REPAIRS AND MAINTENANCE
This query is : Resolved
03 June 2020
Dear Sir
my client is running jelly crusher machine,[ Manufacturing ] the rate of sale of jelly is 5%. Our purchase is all urd purchase. we have a lorry used for supply of material for purchase and sales. We made repairs and maintenance charges for machinery every year around 10 lack [ spare parts of machinery ] and vehicle repairs and maintenance around 5 lack rupees. can we take input tax credit on repairs and maintenance or not. our auditor said that you are not taking input tax on 01.02.2018 onward please suggest sir
he made repairs and maintenance charges for machinery can he take input tax credit or not. our auditor is saying you are not taking input tax credit on repairs and maintenance
my client is running jelly crusher machine,[ Manufacturing ] the rate of sale of jelly is 5%. Our purchase is all urd purchase. we have a lorry used for supply of material for purchase and sales. We made repairs and maintenance charges for machinery every year around 10 lack [ spare parts of machinery ] and vehicle repairs and maintenance around 5 lack rupees. can we take input tax credit on repairs and maintenance or not. our auditor said that you are not taking input tax on 01.02.2018 onward please suggest sir
he made repairs and maintenance charges for machinery can he take input tax credit or not. our auditor is saying you are not taking input tax credit on repairs and maintenance
CA R SEETHARAMAN
(Expert)
03 June 2020
You can take input tax credit on repairs and maintenance.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
